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Belgium; Selected Issues
International Monetary Fund (IMF); International … - 2004
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
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France, Germany, Italy, and Spain : Explaining Differences in External Sector Performance Among Large Euro Area Countries
International Monetary Fund - 2005
This cross-country paper explains differences in external sector performance among four large euro area countries—France, Germany, Italy, and Spain. The paper discusses that during 2001–04, the performance of the external sector differed markedly among these four largest euro area countries....
Persistent link: https://www.econbiz.de/10014407076
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Selected Euro-Area Countries : Rules-Based Fiscal Policy and Job-Rich Growth in France, Germany, Italy, and Spain-Report with Supplementary Information
International Monetary Fund - 2001
Fiscal deficits and the public debt has grown throughout much of the postwar period in most industrialized countries under the pressure of rising public expenditure, a trend that has begun to reverse after 1992. A number of studies argue that fiscal consolidation in association with expenditure...
Persistent link: https://www.econbiz.de/10014407227
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Unemployment Hysteresis, Wage Determination, and Labor Market Flexibility : The Case of Belgium
International Monetary Fund - 1994
This paper examines the potential contribution of unemployment hysteresis theories to the understanding of the Belgian labor market. It estimates models of wage determination using aggregate and firm-level panel data. Two main conclusions emerge: (i) the long-term unemployed do not exert a...
Persistent link: https://www.econbiz.de/10014398156
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Energy subsidy reform : lessons and implications
Clements, Benedict J. (ed.); Coady, David P. (ed.) - 2013
"how to do" energy subsidy reform, drawing on insights from 22 country case studies and analyses carried out by other … institutions, and it offers summary narratives and analyses of reform efforts undertaken in each of those 22 countries"--Preface …
Persistent link: https://www.econbiz.de/10010244221
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Pension reform in the Baltics : issues and prospects
Schiff, Jerald (contributor) - 2000
Persistent link: https://www.econbiz.de/10004664415
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Financial Sector Reforms and Monetary Policy
International Monetary Fund - 1991
In recent years a number of countries have undertaken far-reaching reforms of their financial sectors. Generally speaking, financial sector reforms aim at achieving greater flexibility of interest rates, an enhanced role for market forces in credit allocation, increased independence for the...
Persistent link: https://www.econbiz.de/10014398013
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Sequencing Financial Sector Reforms
International Monetary Fund - 1999
Financial sector liberalization can spur economic growth and development, but reforms to liberalize the financial sector can also entail risks if they are not properly designed and implemented. One of the central questions for countries reforming their financial systems is how to sequence the...
Persistent link: https://www.econbiz.de/10014399517
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Financial Reform and Monetary Control in Indonesia
International Monetary Fund - 1988
This paper analyzes the evolution and effectiveness of Indonesia’s monetary control system following the financial reforms implemented since 1983. These reforms entailed the abolition of interest rate and credit ceilings, a change in the central bank’s funding role, the introduction of new...
Persistent link: https://www.econbiz.de/10014396201
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Financial Sector Reform and Banking Crises in the Baltic Countries
International Monetary Fund - 1996
Financial sector reform in the Baltic countries is reviewed in light of the banking crises that emerged during the … reform period. It is argued that the crises had their roots in the structural deficiencies specific to planned economies and … systemic effects and a minor negative impact on output and incomes. The crises slowed down the financial reform process, but …
Persistent link: https://www.econbiz.de/10014398351