Working Papers


  • 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.

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  • 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.

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  • 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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  • 10-February-2009

    English

    Health Care Reform in the United States

    In spite of improvements, on various measures of health outcomes the United States appears to rank relatively poorly among OECD countries. Health expenditures, in contrast, are significantly higher than in any other OECD country.

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  • 10-February-2009

    English

    The role of R&D and technology diffusion in climate change mitigation: new perspectives using the WITCH Model

    This paper uses the WITCH model, a computable general equilibrium model with endogenous technological change, to explore the impact of various climate policies on energy technology choices and the costs of stabilising greenhouse gas concentrations.

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  • 3-February-2009

    English

    Long-run GDP growth framework and scenarios for the world economy

    This paper develops and applies a simple “conditional growth” framework to make long-term GDP projections for the world economy.

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