Assessing a safety margin for the fiscal deficit vis-a-vis the EMU ceiling

Article Abstract:

The Monte Carlo simulation method was utilized to forecast gross domestic product growth in The Netherlands to determine the safety margin for fiscal deficit to be eligible for EMU-membership. The EMU imposes a 3% cap on fiscal deficits which is considered new criterion in addition to standards such as economic stability and deficit management in its departure from economic considerations. Analysis shows that a budget constructed from an expectation of a 2% improvement in GDP is 91% likely not to go over the 3% ceiling.

Fiscal Policy, Research, Laws, regulations and rules, European Monetary System, Monte Carlo method, Monte Carlo methods

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Communications: infrastructure, intergenerational conflict and the golden rule of finance

Article Abstract:

The infrastructure, intergenerational conflict and the golden rule of finance in the Netherlands are discussed. An increase in infrastructure investment in the country has been noted, propelled by the government's support. It is projected that the share of public investment in total government expenditure will increase considerably in the next ten years. The investment is managed advocating the golden rule of government finance, which makes a distinction between capital and current expenditures.

Public Admin & Finance-Total Govt, Infrastructure (Economics), Finance, Public investments, Domestic policy, Government programs

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Job tenure in the Dutch economy

Article Abstract:

The distribution of job tenure in the Dutch economy is discussed. The study shall make use of the hazard function approach to estimate tenure distributions. Result findings indicate that approximately 40% of all employed workers in Apr 1985 will remain in their current firm for at least 20 years. The findings, however, fail to provide substantial information on the efficiency of the Dutch labor market.

Job security

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