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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
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
Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience...
Persistent link: https://www.econbiz.de/10010790482
Strong macroeconomic foundations have so far largely shielded the Netherlands from recent financial turbulence. Despite a tightening labor market, inflation remains subdued. Employment has grown 1¼–1½ percent in 2007, on par with the rest of the Euro area. The external current...
Persistent link: https://www.econbiz.de/10011244374
We read search theory's unemployment equilibrium condition as an Iso-Unemployment Curve(IUC).The IUC is the locus of … job destruction rates and expected unemployment durations rendering the same unemployment level. A country's position … unemployment level at which such preferences are satisfied Using a panel of 20 OECD countries over 1985-2008, we find employment …
Persistent link: https://www.econbiz.de/10009654152
nation’s 2000-01 economic crisis. Higher growth could reduce unemployment and raise living standards toward European Union …
Persistent link: https://www.econbiz.de/10005767368
This 2005 Article IV Consultation highlights that economic activity in Germany is slowly picking up, and there is scope for some further firming of growth in the course of 2006. The recovery, however, remains unbalanced, and strong exports have yet to feed through into higher household spending....
Persistent link: https://www.econbiz.de/10005825476
The key findings of Republic of Armenia’s Second Poverty Reduction Strategy Paper are reviewed. Macroeconomic and fiscal framework has been completely revised, taking into account the 2007 outcomes, tendencies developed during 2008, and challenges, particularly the projected increase of...
Persistent link: https://www.econbiz.de/10011245722
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