Publications & Documents


  • 22-July-2015

    English

    Sustaining the economic expansion in New Zealand

    Ensuring that permanent spending or tax cuts are implemented in a sustainable manner would encourage the strong fiscal position that New Zealand needs to meet potentially large macroeconomic shocks and long-run ageing-related costs.

  • 3-July-2015

    English

    Macroeconomic uncertainties, prudent debt targets and fiscal rules

    The objective of this paper is to define long-run prudent debt targets for OECD countries and country-specific fiscal rules. To this end, a semi-structural macroeconomic model for OECD countries and primary balance reaction functions are estimated.

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  • 3-July-2015

    English

    Limits to government debt sustainability

    The objective of this paper is to calculate endogenous government debt limits given the markets assessment of the probability to default.

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  • 3-July-2015

    English

    Governments should target prudent debt levels and fiscal rules will help get there

    Governments should set prudent debt targets to ensure that public finances serve to promote economic growth and stability, according to new OECD research.

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  • 3-July-2015

    English

    Government debt indicators: understanding the data

    This paper examines the various issues in defining and measuring debt, and explores other data which could be useful, both within and beyond the general government debt concept, to better track and analyse fiscal risks and sustainability issues.

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  • 29-May-2015

    English

    The stabilisation properties of immovable property taxation: evidence from OECD countries

    This paper contributes to the scarce literature on the macroeconomic effects of property taxes, in particular on the relationships between property taxes, house prices and the wider economy.

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  • 29-May-2015

    English

    Making Colombia’s tax policy more efficient, fair and green

    Colombia needs a comprehensive tax reform that boosts revenues and shifts the tax burden to support more inclusive and green growth. Tax loopholes and exemptions that reduce the tax base and favour mainly the rich should be reduced significantly.

  • 30-April-2015

    English

    Reforming the Slovak public sector

    Improving public sector efficiency can help to meet two conflicting objectives: ensuring fiscal consolidation and maintaining room for growth-friendly spending.

  • 29-April-2015

    English

    Reforming the tax on immovable property: taking care of the unloved

    The tax on immovable property recently started to regain its former significance, but the tax yield still remains low, with slightly more than 1% of GDP and wide variation across countries.

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  • 29-April-2015

    English

    Fiscal decentralisation in Colombia: new evidence regarding sustainability, risk sharing and "fiscal fatigue"

    Colombia has engaged in a sustained process of fiscal decentralisation over the past decades. Evidence is presented that the current framework is conducive to fiscal sustainability, especially after the reforms in the late 1990s and early 2000s.

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