Showing 1 - 10 of 320
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
Using panel data for 15 industrial countries, active labor market policies (ALMPs) are shown to have raised employment … variables. Among such policies, direct subsidies to job creation were the most effective. ALMPs also affected employment rates …
Persistent link: https://www.econbiz.de/10005604960
This Selected Issues paper on Luxembourg reports that exemplary high growth rates and prudent fiscal policies provided the financial basis for the welfare system. Social expenditures in per capita terms, even adjusted for the large number of cross-border workers, rank highest among European...
Persistent link: https://www.econbiz.de/10011244141
While the unemployment rate in the Baltics has fallen sharply from its crisis-peaks, it remains close to double digits. This paper estimates the structural component of the jobless rate in the three Baltic countries and analyzes its causes. Our main findings are that the current still elevated...
Persistent link: https://www.econbiz.de/10010959461
€”Estonia, Latvia, and Lithuania. It identifies common features and common challenges, and discusses policies—both national and jointâ …
Persistent link: https://www.econbiz.de/10011244182
This Selected Issues paper focuses on sustainability of public finances and low inflation in Lithuania. Lithuania aims … to adopt the euro in 2015. Over the medium term, inflation in Lithuania will likely run somewhat higher than in the euro … favorable, and Lithuania has demonstrated the ability to deliver adjustment when needed without recourse to exchange rate …
Persistent link: https://www.econbiz.de/10011244839
This Selected Issues paper focuses on the Baltic model, Baltic–Nordic links, and convergence. The Baltic countries form a distinct group within a tightly integrated Nordic–Baltic region. They are following similar approaches to economic policy, broadly in line with those of...
Persistent link: https://www.econbiz.de/10011244869
This 2014 Article IV Consultation highlights that Lithuania’s economy has entered a broadly favorable trajectory of healthy and balanced growth, but income convergence with Western Europe has a long way to go. With inflation at historical lows and well-advanced repair of public finances...
Persistent link: https://www.econbiz.de/10011244988
macroeconomic growth in Lithuania. The IMF report discusses the requirement of fiscal consolidation to fully rebuild fiscal space …
Persistent link: https://www.econbiz.de/10011245185
Persistent link: https://www.econbiz.de/10005264258