Pension reserve fund, political budget cycles and fiscal illusion
European Journal of Political Economy, 2019 Abstract We model political manipulations of pension reserve funds in a modified Shi and Svensson (2006) political budget cycle (PBC) model. Assuming that a share of voters suffers from fiscal illusion the incumbent can increase her re-election chances by prematurely spending parts of the reserve fund. We also obtain results that are counterintuitive,
Xue Wang, Frank Bohn
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Annual Survey of Large Pension Funds and Public Pension Reserve Funds 2013 [PDF]
, 2013 OECD
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The Political Economy of Sovereign Wealth Funds, Particularly Pension Reserve Funds [PDF]
, 2020 Radboud University, 10 februari ...
X. Wang
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Annual Survey of Large Pension Funds and Public Pension Reserve Funds 2021 [PDF]
, 2021 OECD
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Addressing Reserves and Pension Funds through Gambler’s Ruin and Generalized Brownian Motion Process
, 2021 Manuel Alberto M Ferreira +1 more
exaly +3 more sources
Dynamic hedging of the actuarial reserve of a firm with pension liabilities
Estocástica: Finanzas y Riesgo, 2015 Francisco Venegas Martínez +3 more
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Annual Survey of Large Pension Funds and Public Pension Reserve Funds 2018 [PDF]
, 2018 OECD
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Annual Survey of Large Pension Funds and Public Pension Reserve Funds 2015 [PDF]
, 2015 OECD
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Belgium: the end of the public pension reserve "Silver Fund" [PDF]
, 2016 sponsorship: Plash Report prepared for the European Commission within the context of the ESPN European Social Policy ...
Jozef Pacolet
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Forming Efficient Frontier in Stock Portfolios by Utility Function, Risk Aversion, and Target Return [PDF]
Iranian Journal of Finance, 2022 Asset allocation has always been a challenging issue / for individuals and businesses to survive in our competitive world. One of the famous businesses, which has an enormous impact on people's lives worldwide, is the pension industry.
Ahmad Farahani Darestani +3 more
doaj +1 more source