Netherlands: Selected Issues

International Monetary Fund

No 1997/069, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper examines Netherlands’ experience with macroeconomic and structural reforms. The reforms, which were introduced gradually and in a consultative manner, were comprehensive in their coverage. They included a credible monetary policy, based on a tight link to the deutsche mark; expenditure-based fiscal consolidation, which allowed reduction of the tax burden as well as the fiscal deficit; and measures to stimulate both the supply and the demand side of the labor market. The labor market and associated social security reforms focused on measures to strengthen labor supply as well as labor demand.

Keywords: ISCR; CR; labor market; real wage; wage moderation; fiscal policy; employment growth; wage gap; deutsche mark; exchange rate; disability benefit; wage dispersion; national minimum wage; monetary policy; Employment; Labor markets; Wages; Labor share; Real wages; Europe (search for similar items in EconPapers)
Pages: 117
Date: 1997-08-18
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