In its recent Fiscal Monitor, the IMF provides estimates of public sector net worth. See also this previous post.
Read More »Public Sector Net Worth
In its recent Fiscal Monitor, the IMF provides estimates of public sector net worth. See also this previous post.
Read More »Bankrupt US Public Sector Pension Schemes
In a Hoover Institution Essay, Joshua Rauh describes the extent to which US states and communities under fund public sector pensions. Even under states’ own disclosures and optimistic assumptions about future investment returns, assets in the pension systems will be insufficient to pay for the pensions of current public employees and retirees. Taxpayer resources will eventually have to make up the difference. Despite the implementation of new Governmental Accounting Standards Board (GASB)...
Read More »The Public Sector’s Portfolio Choice
In the NZZ, Michael Schaefer reports about a study that analyzes the portfolio composition of public sector entities and social security institutions. Cantons and the Federation mostly hold cash. The SNB’s portfolio is among the riskiest.
Read More »