8. Dealing with Contingent Liabilities: The Philippines

Chapters in this book

1. Frontmatter i
2. Contents vii
3. Acknowledgments xi
4. Introduction 1
5. I. Fiscal Systems in Developing and Developed Countries
6. 1. Puzzling Tax Structures in Developing Countries: A Comparison of Two Alternative Explanations 9
7. II. The Impact of Government Policy on Private Behavior
8. 2. The Direct Substitution between Government and Private Consumption in East Asia 45
9. 3. Measuring the Effectiveness of Fiscal Policy in Korea 63
10. 4. Income Risk and the Benefits of Social Insurance: Evidence from Indonesia and the United States 99
11. III. International Long-Run Sustainability Issues
12. 5. Will China Eat Our Lunch or Take Us to Dinner? Simulating the Transition Paths of the United States, the European Union, Japan, and China 133
13. 6. External Debt, Adjustment, and Growth 199
14. IV. Sustainability: Country Issues
15. 7. Australian Government Balance Sheet Management 225
16. 8. Dealing with Contingent Liabilities: The Philippines 257
17. 9. Reforming the Fiscal Management System in Korea 289
18. 10. Population Aging, Fiscal Policies, and National Saving: Predictions for the Korean Economy 339
19. 11. Sustainability, Debt Management, and Public Debt Policy in Japan 377
20. 12. Policy Options for Financing Future Health and Long-Term Care Costs in Japan 415
21. Contributors 447
22. Author Index 451
23. Subject Index 455