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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
increase growth and employment are studied. From a cross-country approach, this study finds a significant relationship between …
Persistent link: https://www.econbiz.de/10011244125
high standard of social security for the unemployed. It provides details of an empirical analysis of unemployment …The paper discusses the flexicurity model, its key policy elements, and association with a low unemployment rate and a …
Persistent link: https://www.econbiz.de/10011245015
growth. In 2004, growth was faster and more consumption-driven than in other large euro area countries. Employment growth in …
Persistent link: https://www.econbiz.de/10005825062
This Selected Issues paper on Portugal reviews the considerations regarding productivity slowdown. The favorable evolution of income growth from the 1970s to the mid-1990s in Portugal was associated with above-average productivity growth but also reflected a more moderate decline in the amount...
Persistent link: https://www.econbiz.de/10005825549
This Selected Issues Paper focuses on structural reforms and fiscal devaluation in Italy. Italy’s economy has a number of important strengths. Despite these strengths, Italy’s economic performance has lagged behind its peers. The authorities’ reform plans are under way in...
Persistent link: https://www.econbiz.de/10011243765
Italy’s 2008 Article IV Consultation describes the country's economic developments and policies. Output has been projected to contract by about ½ percent in 2008 and 1 percent in 2009, with risks tilted to the downside, linked to a further slowing of global growth and falling consumer...
Persistent link: https://www.econbiz.de/10011243865
conditions have restored overall stability to the banking system. Private consumption has been dented by the decline in housing …
Persistent link: https://www.econbiz.de/10011244600
€”to improve employment rates in Finland. It summarizes recent labor market developments in Finland, and investigates respectively … the limitation of current unemployment and disability benefit schemes. The paper identifies possible strategies to … activate recipients, and focuses on strategies to boost youth employment rates. The paper also discusses the possibility of …
Persistent link: https://www.econbiz.de/10011244764
This Selected Issues paper describes labor market trends in Belarus and the role of labor market institutions in the outcome. The paper examines the current status of the tax system in Belarus and assesses recent efforts to reform it. It argues that the current tax system in Belarus is...
Persistent link: https://www.econbiz.de/10005591560