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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
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
particular demographic groups. These developments can largely be accounted for by worse matching of people to jobs in the high-unemployment … employment growth, in contrast to the United States where initial labor demand shocks are expanded in the long run. After the …
Persistent link: https://www.econbiz.de/10005826565
. Differences in labor taxation, unemployment benefit systems, and employment protection will need to be reduced. Improving … available labor. In the aftermath of the crisis, boosting growth is essential to prevent unemployment from becoming a long … unemployment rates and lower participation rates, on the other hand, cannot easily be attributed to individual preferences. Here …
Persistent link: https://www.econbiz.de/10011245859
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
nation’s 2000-01 economic crisis. Higher growth could reduce unemployment and raise living standards toward European Union …
Persistent link: https://www.econbiz.de/10005767368
China’s transformation into a dynamic private-sector-led economy and its integration into the world economy have been among the most dramatic global economic developments of recent decades. This paper provides an overview of some of the key aspects of recent developments in China’s...
Persistent link: https://www.econbiz.de/10005252521
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