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The Return of the Deficit
Prior to the outbreak of the financial crisis in 2008 Belgium's fiscal balances and debt ratios seemed to be on a firm consolidation path. Today, however, Belgium is facing a major budgetary challenge, albeit to some extent lesser than that of other European countries. This book offers a closer look at the evolution of public finance in Belgium over the decade 2000-2010. It covers Belgium's macro-economic environment, its budgetary policy, changes to the tax system and social security, the evolution of public expenditure, debt management, and fiscal federalism.
The Information Society: Innovation, Legitimacy, Ethics and Democracy In Honor of Professor Jacques Berleur s.j.
This volume honors the professional life of Jacques Berleur. He is known for his extensive work within the IFIP community to expose the nature of the ethical dilemmas of a society increasingly reliant on complex ICT infrastructures, to raise awareness of the social challenges this poses, and to influence action compatible with the ethical values of western democracy.
Jordan
The paper analyzes the major progress Jordan has made in recent years in macroeconomic stabilization and the transformation of its economic structure. It discusses recent economic developments, macroeconomic policies, and structural reforms and examines the factors underpinning growth, including structural reforms in key areas such as public finance, the financial system, the trade and exchange regime, Jordan's external debt-management strategy, and the dynamics of the public debt and its sustainability.
Social Security and Retirement around the World
What accounts for the striking decline in labor force participation at increasingly younger ages? Social Security and Retirement around the World examines one explanation: social security programs actually provide incentives for early retirement. This volume houses a set of remarkable papers that present information on the social security systems, and labor force participation patterns, in Belgium, Canada, France, Germany, Italy, Japan, the Netherlands, Spain, Sweden, the United Kingdom, and the United States. "This book is highly recommended for the serious student of retirement age trends and social security old-age pension policies of industrial nations in a cross-national context." Marti...
In-Depth Productivity Review of Belgium
Belgium has a high level of productivity. However, growth of productivity has declined quite strongly over the past two decades, and more so than in other advanced economies. This is a worrying development, as fewer productivity gains mean less wage growth and a slowdown in improvements to pensions, health care and well-being. This In-Depth Productivity Review of Belgium assesses in detail the drivers of productivity and recommends a 7-Point Action Plan to reignite productivity growth in Belgium.
Nationalism: (Mis)Understanding Donald Trumpís Capitalism, Racism, Global Politics, International Trade and Media Wars
In Nationalism: (Mis)Understanding Donald Trump’s Capitalism, Racism, Global Politics, International Trade and Media Wars, Africa VS North America Vol 2, we have 10 essays, 3 fiction pieces, 51 poems, 2 plays from leading and upcoming writers, essayists, academicians and poets from the two regions, Africa and North America and their Diasporas, in these among other countries, USA, Canada, Sweden, Zimbabwe, South Africa, Nigeria, Ghana, Botswana, Kenya, UK etc…, coming together to transact around issues to do with the nationalism espoused by Donald Trump. Cornell dissects issues to do with blackness and racism using Fanon’s theories, Nyongesa deals with the Fetishism of Donald Trump’s ...
The Lao People's Democratic Republic
Faced with a steadily worsening economy, the government of the Lao Peoples Democratic Republic took its first steps toward reforming its centrally planned economy in December 1979. The reform process gathered momentum with the introduction of the New Economic Mechanism in 1985, as the authorities began a series of far-reaching policy reforms in virtually all economic areas. This paper provides a much-needed overview of the Lao P.D.R.'s experience with systemic transformation and macroeconomic adjustments in recent years and highlights challenges that the country is likely to face in the coming years.
Empirical Approaches to Fiscal Policy Modelling
Alberto Heimler and Daniele Meulders In the last decade the modelling of the interrelationship between public finance and the rest of the economy has seen substantial advances, reflected in many of the papers delivered to the Applied Econometrics Association Conference held at Confindustria, Rome, on 30 November and 1 December 1989. In particular, the development of the literature on applied general-equilibrium modelling has found most of its applications in the field of taxation, enlarging and completing the estimation of the welfare loss due to distortionary taxes. In this context an important extension has been the introduction of overlapping-generation models. Furthermore, it has become ...
IMF Staff papers
This paper reviews recent theoretical and empirical work on controls over International capital movements. Theoretical contributions reviewed focus on “second-best “ arguments for capital market restrictions, as well as arguments based on multiple equilibria. The empirical literature suggests that controls have been “effective “ in the narrow sense of influencing yield differentials. But there is little evidence that controls have helped governments meet policy objectives, with the exception of reducing the governments’ debt-service costs, and no evidence that controls have enhanced economic welfare in a manner suggested by theory.
Fiscal Policy and Growth in the Middle East and North Africa Region
Establishing a policy framework to sustain high rates of growth is a major challenge facing the economies of the Middle East and North Africa. Given the strikingly dominant role of governments in these economies, this paper focuses on the contribution of fiscal consolidation and reform toward addressing this challenge. On the basis of an examination of fiscal structures, reform and adjustment efforts, and their growth implications during 1980-95, it concludes that the ongoing process of fiscal reform—aimed at reducing budget deficits, improving the budgetary structure, and enhancing the effectiveness of government interventions—is key to ensuring macroeconomic stability and fostering growth.
