The Netherlands showed strong growth and employment performance owing to its fiscal consolidation and structural reforms. Executive Directors commended the sound macroeconomic and structural policies, which have raised potential output, kept inflation low, and promoted strong employment growth....

Aruba is one of the most developed islands in the Caribbean. Still, it is vulnerable to external shocks owing to its heavy dependence on tourism and a steady increase in public debt. Policies to support further fiscal consolidation and boost Aruba’s growth potential are needed. Maintaining...

The 2007 Article IV Consultation with the Kingdom of the Netherlands explains fiscal policy and financial sector issues. Improvements in the macroeconomic and business environments and technological innovation have contributed positively to Dutch competitiveness. Executive Directors emphasized...

The Netherlands showed economic recovery, supported by strong polices, public finances, and structural reforms. Executive Directors commended the strong fiscal framework and agreed that it meets the good practice standards according to the reports on the observance of standards and codes. They...

Intro -- Table of Contents -- Acknowledgements -- Figures and tables -- Chapter 1. Opening the black box -- 1. Introduction -- 2. Why study governments in the EU? -- 3. About definitions and scope -- 4. Organisation of the book -- Chapter 2. Governments in European integration theory -- 1. A...

We produce estimates of the pecuniary costs of inadequate investment in human capital for countries, macro regions and the world at large. These costs are borne by individuals (private costs), the government (fiscal costs), and society, which includes both individuals and the government (social...