Achieving high productivity growth is a central goal of policymaking, given that productivity (growth) impacts not only key macroeconomic variables, but also a country's living standards. Central banks have an intrinsic interest in promoting productivity growth because of its interaction with...

This paper presents a World Bank led and Russia trust fund financed work program tomeasure financial capability and the effectiveness of financial education in low and middleincome countries. The two activities and their staging have been motivated by the lessons ofhigh-income countries with...

Prefunding of pension commitments in OECD economies is increasingly seen as a central strategy to cope with the aging of their populations. This paper argues that investments in emerging markets can help at the margin but are unable to solve the demographic problem. While these investments bring...

In this paper, we analyze the Individuals' level of engagement on the labor market and the engagement heterogeneity across individuals in matters of labor market outcomes and the effectiveness of policy interventions. Emerging economies with highly segmented and distorted labor markets typically...

The paper investigates the demographic alternatives for dealing with the projected population aging and low or negative growth of the population and labor force in the North. Without further immigration, the total labor force in Europe and Russia, the high-income countries of East Asia and the...

Population aging is typically associated with economic challenges for productivity and financial threats for the old-age financial protection system of a country. This paper takes an optimistic position and outlines key ingredients to make it a successful experience. Yet to turn this challenge...

This paper presents a World Bank led and Russia trust fund financed work program to measure financial capability and the effectiveness of financial education in low and middle income countries. The two activities and their staging have been motivated by the lessons of high-income countries with...

Die Arbeit analysiert die finanzpolitische Entwicklung der österreichischen Volkswirtschaft in den Jahren 1991 bis 1993. Neben einer gesamtwirtschaftlichen Betrachtung des öffentlichen Sektors sowie der Haushalte von Ländern, Gemeinden und Sozialversicherungsträgern bildet die Finanzpolitik...