Kingdom of the Netherlands-Netherlands: Selected Issues

April 3, 2017

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Format: Chicago

Kingdom of the Netherlands-Netherlands: Selected Issues, (USA: International Monetary Fund, 2017) accessed November 12, 2024

Summary

This Selected Issues paper focuses on a steady increase in current account surpluses in ”Surplus 3” countries—Germany, the Netherlands, and Switzerland—since the mid-1990s. In Germany and the Netherlands, nonfinancial corporations seem to be behind the rising surpluses. In these countries, increasing corporate profits have not been converted into dividends, keeping a lid on consumption. In Switzerland, household savings seem to explain the bulk of the current account surplus: both mandatory and voluntary savings have been on an increasing trend since 2000. Trending net contributions to pension funds since 2000 and rising equity contribution for housing purchases are likely drivers.

Subject: Balance of payments, Current account, Current account surpluses, Foreign exchange, International trade, Labor, Labor supply, Real effective exchange rates, Trade balance

Keywords: CR, Current account, Current account dynamics, Current account surplus, Current account surpluses, Elasticity assumption, Elasticity case, Europe, Global, Government savings-investment balance, Income, Income effect, Inflation expectation, ISCR, Labor supply, Labor tax wedge, Lending-borrowing balance, NICs, Real effective exchange rates, Savings-investment surplus, Substitution effect, Surplus, Trade balance

Publication Details

Pages:

30
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/078
Stock No:

1NLDEA2017002
ISBN:

9781475591507
ISSN:

1934-7685

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