01652cas a2200241 a 4500 AALejournalIMF004773 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451809893 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Cyprus : Selected Issues. Washington, D.C. : International Monetary Fund, 2007. 1 online resource (63 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This Selected Issues paper explores the economic consequences of aging and its impact on long-term fiscal sustainability for Cyprus. The study analyzes the potential macroeconomic impact of different approaches to deal with the fiscal costs of aging. It goes beyond a simple quantification of the fiscal impact by explicitly examining the trade-offs of alternative policies within the context of a general equilibrium overlapping generation framework. It is concluded that addressing the fiscal consequences of aging will require increasing the retirement age to 65 years, followed by further increases to keep up with demographic trends. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2007/071 Full text available on IMF http://elibrary.imf.org/view/journals/002/2007/071/002.2007.issue-071-en.xml IMF e-Library