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Belgium has effected a remarkable fiscal adjustment, best illustrated by the decline in its public debt. While benefiting from an appreciable decline in interest rates, most of the underlying consolidation reflected a considerable increase in the tax burden, one of the highest in the...
Persistent link: https://www.econbiz.de/10005768647
by reducing real wages below levels allowed by technological growth, changes in the unemployment rate, and institutional …
Persistent link: https://www.econbiz.de/10005604960
This Second Progress Report on Tajikistan’s Poverty Reduction Strategy Paper (PRSP) discusses key developments in the status and dynamics of poverty-related indicators in the country during 2004. Although economic growth has generated significant reductions in poverty rates in the past...
Persistent link: https://www.econbiz.de/10005824948
. At end-2004, the unemployment rate amounted to 12 percent, and about one-third of the labor force was considered …
Persistent link: https://www.econbiz.de/10005824954
The Selected Issues paper analyzes how fast Ireland will grow in the future. The approach of this paper is to consider the catch-up in labor utilization productivity and use independent demographic projections and other considerations to make reasonable assumptions about labor productivity and...
Persistent link: https://www.econbiz.de/10005825025
This 2005 Article IV Consultation highlights that the cyclical recovery of the French economy was interrupted in the first half of 2005, as previously strong domestic demand faltered and the external sector continued to exert a drag on growth. In 2004, growth was faster and more...
Persistent link: https://www.econbiz.de/10005825062
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
Persistent link: https://www.econbiz.de/10005825115
This Selected Issues paper analyzes the growth prospects of the Greek economy. It is estimated that exceptional factors boosted growth by 1 percentage point per year in recent years and, under current trends and policies, growth is likely to drop to about 3 percent by the end of the decade. The...
Persistent link: https://www.econbiz.de/10005825203
This Selected Issues paper analyzes the effect of international migration on unemployment in New Zealand. The empirical … results in this paper suggest that net migration inflows give rise to a fall in the unemployment rate. The paper estimates a … system of equations including the unemployment rate, real wage, net migration rate, and labor force participation rate …
Persistent link: https://www.econbiz.de/10005825275
The Poverty Reduction Strategy Paper (PRSP) has been developed for eradicating poverty in Armenia. It analyzes the poverty situation of Armenia, and evaluates the methodology and methodological issues. It discusses the PRSP goals, main policy directions, solution to poverty, and the reduction of...
Persistent link: https://www.econbiz.de/10005825381