Luxembourg: Selected Issues

International Monetary Fund

No 2004/124, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper studies Luxembourg’s economic growth performance of the past two decades with a view to shedding light on the growth prospects and fiscal implications. The paper investigates whether the recent weakness in activity is largely transitory or whether it heralds a new era of lower potential output growth. The paper also explains one option for reforming the pay-as-you-go pension pillar, which is to link pension benefits to the contributions base through a “solidarity factor.”

Keywords: ISCR; CR; real GDP; replacement rate; rate; contribution rate; IMF staff estimate; real asset price; trend growth; real GDP growth; Asset prices; Pension spending; Production growth; Pensions; Financial sector; Global (search for similar items in EconPapers)
Pages: 37
Date: 2004-05-05
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2004/124

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