Publications & Documents


  • 12-January-2012

    English

    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.

  • 12-January-2012

    English

    Less income inequality and more growth – are they compatible? Part 5. Poverty in OECD countries

    Poverty is an important policy issue in OECD countries and the recent crisis has made it even more pressing. This paper highlights poverty rate differences across countries and reviews the various policies to tackle it.

  • 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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