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Building an international tax system that is transparent, efficient and fair, will serve our economies, our governments and our citizens, said OECD Secretary-General at the G20 summit in St. Petersburg.
The Russian Federation has placed the challenge of finding a path to sustainable, balanced and job-rich growth at the heart of its G20 presidency. Here's how the OECD is contributing.
Consumer prices in the OECD area rose by 1.9% in the year to July 2013 compared with 1.8% in the year to June 2013.
A moderate recovery is underway in the major advanced economies, according to the OECD’s latest Interim Economic Assessment. Growth is proceeding at encouraging rates in North America, Japan and the UK. The euro area as a whole is out of recession, although output remains weak in a number of countries.
Provisional estimates show that quarterly real gross domestic product (GDP) in the OECD area increased by 0.5% in the second quarter of 2013, up from 0.3% in the previous quarter. The OECD total was boosted by an acceleration of growth in most Major Seven economies.
This working paper presents the background and the details of the simulations behind Box 1.4 of the May 2013 OECD Economic Outlook. A small simulation model is used to evaluate the contribution that the three pillars of the government’s strategy – fiscal consolidation, growth-boosting structural reforms and higher inflation – could make to reversing the rise in Japan’s public debt ratio.
Combining existing information with a newly collected dataset, the paper develops indicators of the
performance and the institutional characteristics of OECD judicial systems.
Young people have been hit hard by unemployment during the Irish recession. While much research
has been undertaken to study the effects of the recession on overall labour market dynamics, little is known about the specific effects on youth unemployment and the associated challenges.
How far to go – and to remain – in the direction of highly expansionary monetary policy hinges on the balance of marginal benefits and costs of additional monetary easing and its expected evolution over time. This paper sketches a framework for assessing this balance and applies it to four OECD economic areas: the euro area, Japan, the United Kingdom and the United States.
In the wake of the Great Recession, a massive monetary policy stimulus was provided in the main OECD
economies. It helped to stabilise financial markets and avoid deflation. Nonetheless, GDP growth has been sluggish and in some countries lower than expected given the measures taken, and estimated economic slack remains large.