Belgium: Selected Issues

March 7, 2001

Preview Citation

Format: Chicago

Belgium: Selected Issues, (USA: International Monetary Fund, 2001) accessed November 24, 2024

Summary

This paper provides a number of complementary estimates of potential output and the output gap—variables that cannot be observed directly. After a substantial increase in the tax wedge in the 1970s and the 1980s, which has been widely thought to have been partly responsible for the sharp rise in unemployment rates, the Belgian authorities instituted a policy of reduction in employers' social security contributions. The reforms will reverse the increase in average income tax rates during the 1990s.

Subject: Employment, Income and capital gains taxes, Income tax systems, Labor, Potential output, Production, Social security contributions, Taxes

Keywords: CR, Employment, Estimate, Global, Income and capital gains taxes, Income tax systems, ISCR, NAIRU, NAIRU variable, Output gap estimate, Potential output, Production-function estimate, Social security contributions, SSC conditional, SSC cut, Unemployment gap, Western Europe

Publication Details

Pages:

41
Volume:

---
DOI:

---
Issue:

---
Series:

Country Report No. 2001/045
Stock No:

1BELEA0022001
ISBN:

9781451803167
ISSN:

1934-7685

FACTSHEETS

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

IMF Staff Country Reports