Monetary policy under fixed exchange rates: lessons from the Netherlands, Belgium, and Austria, 1973-1992

Article Abstract:

The relationship between monetary policy and such variables as offsetting capital movements, exchange rates and interest rates is demonstrated through an analysis of data covering the years 1973-1992 for the economies of Austria, Belgium and the Netherlands. These countries have pegged their exchange rates to the value of the German deutsche mark. Results show that in Belgium, monetary policy affects both exchange rates and interest rates while in Austria, only interest rates are affected. The policy does not seem to have any effect on these variables in the Netherlands. Findings on capital movements are not definitive.

Austria, Belgium, Interest rates, Monetary policy, Capital movements

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Immigrant wages in the Netherlands: the valuation of pre- and postimmigration human capital

Article Abstract:

An analysis of the wages of immigrant men from the Netherlands Antilles, Surinam, Turkey and Morocco was presented. The aim of the analysis was to discover the influence of pre- and post-immigration educational achievements on possible wage levels. The results showed that pre- and post-immigration educational attainments influence only the wage levels of immigrants from Surinam and the Antilles. On the other hand, only post-immigration educational attainments influence the wage levels of Turkish and Moroccan immigrants.

Analysis, Finance, Immigrants, Wages, Wages and salaries

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Industrial clusters and the competitiveness of the Netherlands: empirical results and conceptual issues

Article Abstract:

Netherlands' attempt at applying Michael Porter's new method of evaluating the economic competitiveness of countries wasdiscussed. In addition, the effectiveness of Porter's 'clustering of industries' approach was also assessed. The results showed that Porter's clustering model was feasible, however, more improvements could still be made to make it more applicable.

Evaluation, Competition (Economics), Industrial districts

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