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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
Persistent link: https://www.econbiz.de/10005056471
The paper discusses the flexicurity model, its key policy elements, and association with a low unemployment rate and a … high standard of social security for the unemployed. It provides details of an empirical analysis of unemployment …
Persistent link: https://www.econbiz.de/10011245015
labor market can coexist with a generous welfare system to achieve low unemployment. Using a panel of 19 countries over 1960 …-2002, the paper identifies the elements of the flexicurity model that may have contributed to the low unemployment rate. A … the financing aspect, the paper finds that effective implementation will depend on the initial unemployment level and …
Persistent link: https://www.econbiz.de/10005825613
The Great Recession pushed Japan’s unemployment rate to historic highs, but the increase has been small by …
Persistent link: https://www.econbiz.de/10008839361
Strong macroeconomic foundations have so far largely shielded the Netherlands from recent financial turbulence. Despite a tightening labor market, inflation remains subdued. Employment has grown 1¼–1½ percent in 2007, on par with the rest of the Euro area. The external current...
Persistent link: https://www.econbiz.de/10011244374
the limitation of current unemployment and disability benefit schemes. The paper identifies possible strategies to …
Persistent link: https://www.econbiz.de/10011244764
This paper discusses findings of the fourth review under an Extended Fund Facility Arrangement with Portugal. One year into the program, the authorities are making progress in reducing economic imbalances. The delicate balance between orderly deleveraging and improving competitiveness also...
Persistent link: https://www.econbiz.de/10011245120
This 2011 Article IV Consultation reports that the vulnerability of Belgium’s sovereign debt to market pressures makes credible medium-term fiscal consolidation a priority. The 2012 budget includes sizable consolidation measures, and the government is committed to take additional measures...
Persistent link: https://www.econbiz.de/10011245533
This paper discusses the First Progress Report on the implementation of the Poverty Reduction Strategy (PRS) in Serbia. The Poverty Reduction Strategy Paper (PRSP) for Serbia and its implementation complement the efforts of Serbia in the European Union integration process. The PRSP also includes...
Persistent link: https://www.econbiz.de/10011245601