With very low unemployment, a large and stable current account surplus, low government debt and a budget in surplus, the Dutch economy was assessed initially to be relatively well prepared to weather the financial and economic crisis. In 2008, however, the negative effects of the financial...

The extent to which exchange rate movements impact on consumer prices in a given country depends on a number of micro and macro determinants. This Country Focus discusses the relevance of the theoretical determinants of the exchange rate pass-through to inflation in the case of Slovakia....