Latest Documents


7-April-2009

English

Economic Survey of Finland 2010: Paving the way for sustainable public finances

The costs of the recession and ageing are a challenge to fiscal sustainability. The estimated fiscal sustainability gap has increased from 3 to 8% of GDP due to a sizeable permanent stimulus and lower potential output. A consolidation plan should be articulated now...

3-April-2009

English, , 245kb

Fiscal equalisation

Fiscal equalisation is a transfer of fiscal resources across jurisdictions to offset disparities in revenue raising capacity or public service cost. It covers on average 2.5% of GDP or 5% of total government expenditure across OECD countries.

3-April-2009

English, , 830kb

The contribution of economic geography to GDP per capita

Fiscal equalisation is a transfer of fiscal resources across jurisdictions to offset disparities in revenue raising capacity or public service cost. It covers on average 2.5% of GDP or 5% of total government expenditure across OECD countries.

20-March-2009

English

Government consumption volatility and the size of nations

The aim of this paper is to analyze the relation between the volatility of government consumption and country size. The results are robust to different time and country samples, different econometric techniques and to several sets of control variables.

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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3-March-2009

English, , 124kb

Going for Growth 2009 Chapter 1: Structural Reform at a Time of Financial Crisis

Chapter 1 from Going for Growth 2009 reviews how the current recession affects the prospect for structural reform and then explores which of the policy priorities identified in the current volume to boost long-term growth are most likely to stimulate demand in the near term.

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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

Stabilization Effects of Social Spending: Empirical Evidence from a Panel of OECD Countries

The aim of this paper is to assess the ability of social spending to smooth output shocks and to provide stabilization. The results show that overall social spending is able to smooth about 16 percent of a shock to GDP.

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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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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