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Regional labor market discrepancies have been widening in Belgium in the last two decades and are more evident within …-unemployment provinces. Using a structural VAR, it is also shown that labor market dynamics in Belgium produce a strong attenuating effect on … short-run adjustment is over, there is less labor migration in Belgium than in the United States or Europe, corroborating …
Persistent link: https://www.econbiz.de/10014403668
This paper analyzes the efficiency and determinants of local authority expenditure in England during 1989/90. The capitalization of local spending in house prices is used as a test of efficiency, and it is found that local services are in general excessive from this standpoint. The determinants...
Persistent link: https://www.econbiz.de/10014396108
Persistent link: https://www.econbiz.de/10009572314
Persistent link: https://www.econbiz.de/10010441770
This paper reviews the financial implications of aging for the pension system in Belgium during 1995-2050. Our … countries. In Belgium, the problem is particularly acute in the pension system for civil servants. The impact of amending …
Persistent link: https://www.econbiz.de/10014396528
) - defined as the share of sub-national own spending not financed through own revenues - in four European countries: Belgium …-national governments in Belgium, Italy, and Spain, while re-centralization of health sector expenditures was the cause of the decline in …
Persistent link: https://www.econbiz.de/10014396839
In this paper we develop and test a model of a utility maximizing representative agent operating in the Belgium … is not rejected in some additional tests relating the Belgium-Luxembourg two-tier market: spread to some Belgian policy …
Persistent link: https://www.econbiz.de/10014395812
This paper investigates empirically the pass-through of money market interest rates to retail banking interest rates in Chile, the United States, Canada, Australia, New Zealand, and five European countries. Overall, Chile''s pass-through does not appear atypical. Based on a standard...
Persistent link: https://www.econbiz.de/10014399635
This paper proposes a signaling model that offers a new perspective on why governments deviate from optimal tax smoothing and delay debt stabilization. In our model, dependable—but not fully credible—governments have an incentive to tighten the fiscal regime when the signaling effect on...
Persistent link: https://www.econbiz.de/10014400094
core. This paper puts recent demand patterns in France, Germany, and Belgium into historical perspective. We find that …
Persistent link: https://www.econbiz.de/10014411522