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Fiscal decentralization has been, and remains high on the policy agenda of many countries. It is mainly driven by … disparities in incomes or resource endowments. More generally, decentralization pressures frequently reflect a desire for more … motivation, fiscal decentralization can have important macroeconomic implications. Therefore, Fund advice to member countries …
Persistent link: https://www.econbiz.de/10014410401
This 1999 Article IV Consultation highlights that Aruba’s real GDP grew at an annual rate of some 3 percent in 1998, while inflation remained subdued at about 2 percent. Comparable rates of satisfactory growth and low inflation have characterized the island’s development since the mid-1990s,...
Persistent link: https://www.econbiz.de/10014399008
Netherlands Antilles economy has recently shown some important resilience. With the exchange rate pegged to the U.S. dollar, the … Netherlands Antilles has enjoyed low inflation. With waning cost-push pressures related to higher energy costs and indirect tax …
Persistent link: https://www.econbiz.de/10014407126
This 2002 Article IV Consultation highlights that the real GDP of the Netherlands is projected to rise by 1 percent in …
Persistent link: https://www.econbiz.de/10014407354
Although the advent of the single currency has generated many advantages for the smaller economies of the euro area, it has raised the possibility that both the amplitude and the duration of cycles in these countries will prove greater than in the past. In the absence of country-specific...
Persistent link: https://www.econbiz.de/10014407372
The past decade has witnessed a progressive weakening of the Antillean economy, and prospects for a recovery depend on reinvigorating and sustaining adjustment. There is a need for more vigorous reforms, well coordinated across governments and supported by building social consensus. Fiscal...
Persistent link: https://www.econbiz.de/10014407380
The Netherlands showed strong growth and employment performance owing to its fiscal consolidation and structural …
Persistent link: https://www.econbiz.de/10014404488
The Netherlands showed economic recovery, supported by strong polices, public finances, and structural reforms …
Persistent link: https://www.econbiz.de/10014404659
The government’s plans to reform the tax system and administration are well founded. The Central Bank of Aruba is to be commended for its prudent management of monetary policy, as demonstrated by the continued credibility and strength of the peg to the U.S. dollar, buttressed by a robust...
Persistent link: https://www.econbiz.de/10014407436
This 1999 Article IV Consultation highlights that the Netherlands posted a strong economic performance during the 1990s …
Persistent link: https://www.econbiz.de/10014398672