Since the late 1980s, the Dutch economy has outperformed neighbouring countries in terms of employment and GDP growth. We argue that the recent growth performance of the Netherlands has primarily been the result of a correction of the belowaverage performance during the 1970s. This correction...

As in many other OECD countries, government investment expressed as share of GDP has decreased in The Netherlands. Using the concept of Granger causality, we test in a bivariate vector autoregression framework various hypothesis that have been put forward to explain this decline. It is concluded...

Long-run data for the USA is used to examine whether the inflation adjustment of the government budget deficit as proposed by Eisner and Pieper makes a difference in assessing the impact of fiscal policy on economic growth. Using Vector Autoregressions (VAR) it is found that both the inflation...

This article examines how the impact of inflation targeting on inflation performance depends on the choice of country samples, adoption dates, time periods and methodological approaches. We apply two different estimation methods -- difference-in-differences and propensity score matching -- for...

This paper reviews arguments for central bank independence and presents new evidence on the impact of central bank (in)dependence on the level and variability of inflation, money growth, the level and financing of government budget deficits and economic growth, using three different measures of...

This paper reviews arguments for central bank independence and presents new evidence on the impact of central bank (in)dependence on the level and variability of inflation, money growth, the level and financing of government budget deficits and economic growth, using three different measures of...

<title>Abstract</title> Using data from Abiad <italic>et al</italic>. (2008), we estimate a dynamic spatial panel data model with country and time-period fixed effects to test for spatial cointegration in the financial liberalization index. Parameter estimates are obtained by reformulating the model in spatial...

This article investigates to what extent the composition of exports is related to the export performance of eurozone countries using a data set on exports from the oldest eurozone countries to their top 20 trade partners for the period 1988–2009. The results suggest that a higher share of high...