Working Papers


  • 21-July-2011

    English

    ESTONIA - Public sector spending efficiency: healthcare and local government

    The Estonian fiscal position is much better than in many OECD countries, the country stands out for having a rather lean government sector and the authorities are striving for efficient use of existing resources.

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  • 6-June-2011

    English

    Tax competition between sub-central governments

    Sub-central tax competition is the strategic interaction of tax policy between jurisdictions with the objective to attract and retain mobile tax bases.

  • 31-May-2011

    English

    Adjusting fiscal balances for asset price cycles

    This paper develops a method for adjusting structural budget balances for asset price cycles and presents estimates of structural budget balances corrected for house-price and equity-price cycles for OECD countries.

  • 26-April-2011

    English

    Policy frameworks in the post-crisis environment

    The financial crisis revealed flaws in pre-crisis policy frameworks.

  • 15-April-2011

    English

    Global imbalances, exchange rate pegs and capital flows: a closer look

    This paper presents a stylised model in which either a savings glut or an exchange rate peg in emerging economies drives down the level of interest rates in advanced economies and, when it hits the zero-rate bound, produces a welfare loss.

  • 22-March-2011

    English

    Drivers of homeownership rates in selected OECD countries

    Homeownership rates have increased significantly in many OECD countries over recent decades.

  • 22-March-2011

    English

    Restoring fiscal sustainability in Spain

    Spain’s government has introduced ambitious consolidation measures, which should yield a sizeable improvement in discretionary fiscal efforts.

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  • 22-February-2011

    English

    Strengthening the macroeconomic policy framework in South Africa

    South Africa’s macroeconomic framework has served the economy well, but should be strengthened to make the economy more resilient to external shocks.

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  • 2-February-2011

    English

    Increasing public sector efficiency in Slovakia

    Raising efficiency in tax collection (notably VAT) is urgently needed, plans to unify the collection of tax and social security contributions should be implemented swiftly and drawing on EU funds needs to become more efficient.

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  • 18-January-2011

    English

    Improving the flexibility of the Dutch housing market to enhance labour mobility

    The housing market figures among the main determinants of labour mobility, as households seldom make employment and housing decisions independently of each other.

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