The impact of changes in second pension pillars on public finances in Central and Eastern Europe

This paper studies the impact of recent changes in second pension pillars of three Central and Eastern European Countries on the deficit and implicit debt of their full pension systems.

Growth perspectives for 2012

Given current levels of uncertainty, it is quite a challenge to discuss the outlook for the global economy in the months to come. But I will take the risk, and share the OECD’s assessment of the forces shaping the near-term outlook, the risks surrounding our projections and the major policy challenges facing many OECD countries.

Fiscal consolidation: Part 3. Long-run projections and fiscal gap calculations

During the economic and financial crisis, fiscal positions across the OECD countries deteriorated sharply. This raises the question of what level of primary deficit would ensure long-term sustainability and what degree of consolidation is needed.

The nature of financial and real business cycles: the great moderation and banking sector pro-cyclicality

This paper takes a fresh look at the nature of financial and real business cycles in OECD countries using annual data series and shorter quarterly and monthly economic indicators.

Fiscal consolidation: Part 1. How much is needed and how to reduce debt to a prudent level?

The economic and financial crisis was the catalyst for a fiscal crisis that engulfs many OECD countries. In most countries, budget deficits soared as a result of the economic slump, weaker revenues and the policy response to the crisis.

Explaining the interest-rate-growth differential underlying government debt dynamics

The differential between the interest rate paid to service government debt and the growth rate of the economy is a key concept in assessing fiscal sustainability.

EO Sources - Notes to statistical annex tables 34-37: Interest rates and exchange rates

Notes to statistical annex tables 34-37, Sources and Methods of the OECD Economic Outlook.

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• OECD Economic Outlook No. 75 Annex Tables - Table of Contents
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Economic Survey of the Russian Federation 2011

The Russian economy is being modernized and per capita incomes are converging towards OECD levels, but the pace of catch-up could be increased up with determined efforts to raise energy efficiency and improve the business climate, especially via reduced corruption and strengthened rule of law.

Notes to the Economic Outlook Annex Tables

Notes to statistical Annex Tables, Sources and Methods of the OECD Economic Outlook.

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• Notes to statistical Annex Tables, Sources and Methods of the OECD Economic Outlook
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Economic Survey of Israel

The economy, including the housing market, is slowing; sound financial-market supervision is important. Alleviating poverty and raising GDP per-capita, requires structural reform to education, social, housing and industry policies, including the energy sector.