Working Papers


  • 11-May-2010

    English

    After the Crisis: Bringing German Public Finances Back to a Sustainable Path

    Further fiscal easing in late 2008 and early 2009 contributed to a markedly widening fiscal deficit in 2010. A newly enacted fiscal rule will help bring public finances back to a sustainable path, as discussed in this working paper.

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  • 20-April-2010

    English

    Further Advancing Pro-Growth Tax and Benefit Reform in the Czech Republic

    In 2008, the Czech government implemented a major overhaul of the personal income tax (PIT), replacing the previous progressive rate schedule with a single 15% rate levied on an enlarged base.

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  • 22-February-2010

    English

    Monetary policy responses to the crisis and exit strategies

    Central banks have responded with exceptional vigour to the crisis by using their traditional interest-rate tools to their limits and deploying a wide range of unconventional measures.

  • 22-February-2010

    English

    Sub-central governments and the economic crisis: impact and policy responses

    The world is recovering from the worst crisis since the Great Depression, leaving a strong and lasting impact on Member countries’ public finances. This paper analyses how sub-central governments are affected and how fiscal policy has reacted in the first months after the outbreak of the crisis.

  • 26-January-2010

    English

    The automobile industry in and beyond the crisis

    This paper considers the role of the automobile industry in the current cycle. It shows that the industry is economically important and its cycle is intertwined with business cycles.

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  • 18-December-2009

    English

    How to reform the Belgian tax system to enhance economic growth

    Individual elements in the Belgian tax system affect the growth process through different channels and to a varying degree.

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  • 18-December-2009

    English

    Fiscal federalism in Belgium: Main challenges and considerations for reform

    The paper discusses the current state of fiscal relations across levels of government in Belgium and how it has developed over time.

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  • 10-December-2009

    English

    Health-care reform in Japan: controlling costs, improving quality and ensuring equity

    Japan’s health-care system has provided universal access to care and contributed to the outstanding health status of the Japanese. Public spending has been kept below the OECD average through high co-payment rates and reductions in medical fees.

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  • 1-December-2009

    English

    Prudential regulation and competition in financial markets

    This paper examines how a range of stability-oriented regulatory policies for banking and insurance are related to selected stability and competition outcomes in these sectors.

  • 26-November-2009

    English

    Keeping Slovenian public finances on a sustainable path

    This paper examines various aspects of fiscal policy in Slovenia, in particular fiscal consolidation, pension reform, efficiency of government spending and the tax system.

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