Publications & Documents


12-January-2012

English

Fiscal consolidation: Part 5. What factors determine the success of consolidation efforts?

The global economic and financial crisis exacerbated the need for fiscal consolidation in many OECD countries.

12-January-2012

English

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.

2-January-2012

English

Public spending efficiency in the Czech Republic: fiscal policy framework and the main spending areas of pensions and healthcare

The Czech fiscal position is generally sound and policy making is prudent. However, the fiscal framework was not strong enough to contain spending in the upturn and it would benefit from independent budget oversight.

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2-January-2012

English

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.

21-December-2011

English

Current issues in managing government debt and assets

The management of government debt and assets has important implications for fiscal positions.

7-December-2011

English

Getting back on track: restoring fiscal sustainability in Ireland

Ireland’s banking crisis, one of the most severe in the OECD area, and the associated economic recession have taken a heavy toll on public finances.

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7-December-2011

English

Fiscal prospects and reforms in India

Substantial fiscal consolidation was achieved under the aegis of the 2003 Fiscal Responsibility and Budget Management Act.

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25-November-2011

English

Macroeconomic and structural policies to further stabilise the Mexican economy

Improvements in the macroeconomic policy framework over the past two decades and prudent regulation of the financial system have contributed to reduce output volatility in Mexico relative to other OECD countries.

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15-November-2011

English

Fiscal reform for a stronger fairer and cleaner Mexican economy

With slow growth and high inequality Mexico needs investments in infrastructure, education and social policies. Mexico has increased spending in all of these areas.

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26-October-2011

English

Refining macroeconomic policies to sustain growth in Brazil

This paper identifies refinements to the macroeconomic framework that will help Brazil to achieve strong performance in a new environment.

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