Working Papers


16-March-2009

English

Infrastructure investment: links to growth and the role of public policies

Investment in network infrastructure – the energy, water, transport and telecommunication networks –which performs a vital role for the functioning of the economy, can contribute to raising growth and social welfare. But more is not always better.

9-March-2009

English

Adjusting housing policies in Slovakia in light of Euro adoption

A characteristic feature of the Slovak housing market, and a consequence of the privatization programme initiated in the early 1990s, is the virtual absence of a private rental market.

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9-March-2009

English

Raising the flexibility of the Slovak economy during the catch-up phase

As in other catch-up countries inflation is likely to stay high going forward due to nominal convergence in Slovakia.

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9-March-2009

English

Achieving fiscal flexibility and safeguarding sustainability - The case of Slovakia

Euro Area entry calls for more fiscal flexibility to absorb cyclical shocks that cannot be dealt with by the common monetary policy. At the same time fiscal consolidation must not be put at risk, especially given rising ageing related costs.

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27-February-2009

English

Fiscal Convergence, Business Cycle Volatility and Growth

This paper analyzes the effects of fiscal convergence on business cycle volatility and growth. Our empirical results are economically and statistically significant, and robust.

27-February-2009

English

Taking stock of existing structural policy and outcome indicators

This paper reviews and assesses in terms of availability, reliability and transparency existing policy and outcome indicators that have been found to be linked both directly and indirectly to economic growth and living standards.

24-February-2009

English

Boosting productivity in Korea’s service sector

Increasing productivity growth in the service sector, which accounts for 67% of employment and 58% of value added in Korea, is essential to sustain high potential growth.

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24-February-2009

English

Reforming the tax system in Korea to promote economic growth and cope with rapid population ageing

Korea has one of the lowest tax burdens in the OECD area, reflecting its small public sector. However, rapid population ageing will put upward pressure on government spending.

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24-February-2009

English

Sustaining growth in Korea by reforming the labour market and improving the education system

The age of retirement of employees should be raised by eliminating mandatory retirement and phasing out the retirement allowance. Active labour market policies should focus on policies to expand human capital rather than wage subsidies.

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18-February-2009

English

Financial crises: past lessons and policy implications

This overview paper examines the financial crisis in light of past country experience and economic theory and sets out some preliminary policy recommendations.

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