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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
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
The staff report for the 2011 Article IV Consultation concluded that a vibrant recovery marked Estonia’s first year in the euro area, albeit amid nascent tensions. The economy’s strong rebound has been grounded in a proven track record of prudent macroeconomic policies. Executive...
Persistent link: https://www.econbiz.de/10011142206
recession are discussed. The low inflation is reached by increasing Riksbank policy rate. The role of fiscal policy council is …
Persistent link: https://www.econbiz.de/10011242838
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
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
We read search theory's unemployment equilibrium condition as an Iso-Unemployment Curve(IUC).The IUC is the locus of … job destruction rates and expected unemployment durations rendering the same unemployment level. A country's position … unemployment level at which such preferences are satisfied Using a panel of 20 OECD countries over 1985-2008, we find employment …
Persistent link: https://www.econbiz.de/10009654152
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
This 2005 Article IV Consultation highlights that economic activity in Germany is slowly picking up, and there is scope for some further firming of growth in the course of 2006. The recovery, however, remains unbalanced, and strong exports have yet to feed through into higher household spending....
Persistent link: https://www.econbiz.de/10005825476
The aim of this paper is to analyze unemployment and labor market developments in Algeria and assess the factors that … rigid labor market are the main factors behind the still high level of unemployment, particularly among the youth …. Simulation analyses, based on the results on the relation between labor market institutions and unemployment, show that …
Persistent link: https://www.econbiz.de/10010790348