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26-Oct-2011
Low investment rates are limiting Brazil’s future potential growth rate. This paper analyses a number of potential reasons for these low investment rates and discusses policy options to achieve faster capital accumulation.
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26-Oct-2011
This paper seeks to identify factors explaining the appreciation of the Brazilian real observed since 2003, which was temporarily interrupted only during episodes of financial turbulence.
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20-Sep-2011
Iceland has managed its large fishing industry in a sustainable and profitable way. The foundations of this success are setting Total Allowable Catches (TACs) based on scientific recommendations of what is biologically sustainable and the Individual Transferable Quota (ITQ) system, which gives each holder the right to catch a certain of the TAC in various species.
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02-Aug-2011
Greece is in deep crisis after years of fiscal laxity and weak structural reforms. To return to sustainable growth, the fiscal consolidation and product and labour market reforms underway should continue, be closely monitored and strictly implemented, with the burden of the adjustment fairly shared.
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12-Jul-2011
Belgium weathered the crisis well. Nevertheless, with public debt at 97% of GDP, a sustained effort to restore fiscal sustainability is needed. To boost subdued potential growth, reforms to increase employment are required while more reliance on environmental taxation should secure greener growth.
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11-Jul-2011
While Austria has made great efforts to improve its fiscal framework at the federal government level, work remains to be done to: i) avoid pro cyclical fiscal outcomes, in particular at lower levels of government and in the social security system, ii) improve public sector spending efficiency; and iii) improve the tax structure in order to make taxes less of a burden for economic activity.
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11-Jul-2011
Health care reform is occupying policymakers at all levels of government in Austria, encompassing the rich structure of fiscal federal relations as well as the social partners. The Austrian population has a high regard for its health care system, although in international comparison it comes across as very expensive, fragmented and lacking agreed targets.
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11-Jul-2011
Austria is recovering from the crisis which has increased fiscal vulnerabilities. The authorities should strengthen reforms so the economy is more resilient to fiscal pressures, and reinforce drivers of growth. The Survey discusses areas to improve fiscal performance, including health care reform.
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