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This paper discusses findings of the fourth review under an Extended Fund Facility Arrangement with Portugal. One year into the program, the authorities are making progress in reducing economic imbalances. The delicate balance between orderly deleveraging and improving competitiveness also...
Persistent link: https://www.econbiz.de/10011245120
recession are discussed. The low inflation is reached by increasing Riksbank policy rate. The role of fiscal policy council is …
Persistent link: https://www.econbiz.de/10011242838
This 2011 Article IV Consultation reports that the vulnerability of Belgium’s sovereign debt to market pressures makes credible medium-term fiscal consolidation a priority. The 2012 budget includes sizable consolidation measures, and the government is committed to take additional measures...
Persistent link: https://www.econbiz.de/10011245533
Article IV Consultation underlines that the European recession has had a negative impact on its economy, giving rise to … unemployment. The economy has entered its second year of near zero growth. To help restore competitiveness and improve financial … market conditions, decisive actions have been taken. Important decisions in 2012 include pension schemes and unemployment …
Persistent link: https://www.econbiz.de/10011242474
available labor. In the aftermath of the crisis, boosting growth is essential to prevent unemployment from becoming a long … unemployment rates and lower participation rates, on the other hand, cannot easily be attributed to individual preferences. Here …. Differences in labor taxation, unemployment benefit systems, and employment protection will need to be reduced. Improving …
Persistent link: https://www.econbiz.de/10011245859
that ended with the global financial crisis. Unemployment soared, the fiscal position deteriorated sharply, and funding … the last seven quarters, unemployment has reached high levels, and financing conditions remain tight for small firms. The …
Persistent link: https://www.econbiz.de/10011242476
Based on the economic literature, various policy measures and institutions in the product and labor markets that increase growth and employment are studied. From a cross-country approach, this study finds a significant relationship between Vertical Fiscal Imbalances (VFIs) and fiscal performance...
Persistent link: https://www.econbiz.de/10011244125
The Netherlands is an AAA euro area (EA) economy with significant private sector imbalances. The main policy challenge is to restore growth and manage downside risks while allowing for an orderly adjustment of private sector balance sheets. A focus on medium-term objectives will cement policy...
Persistent link: https://www.econbiz.de/10011245753
This Selected Issues Paper focuses on structural reforms and fiscal devaluation in Italy. Italy’s economy has a number of important strengths. Despite these strengths, Italy’s economic performance has lagged behind its peers. The authorities’ reform plans are under way in...
Persistent link: https://www.econbiz.de/10011243765
concerns. A bold strengthening of labor market reforms is needed to substantially reduce unacceptably high unemployment …
Persistent link: https://www.econbiz.de/10011244001