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  • 3-July-2013

    English

    A simple fiscal stress testing model - case studies of Austrian, Czech and German economies

    This paper develops a simple model-based framework for stress testing fiscal consolidation strategies under different scenarios of future shocks

  • 2-July-2013

    English

    Fiscal consolidation across government levels. Part 3: Intergovernmental grants, pro- or counter-cyclical?

    This paper provides empirical analysis that measures the cyclical properties of intergovernmental transfers (or grants). Modelling a fiscal policy reaction function this paper tests whether the transfers systems in OECD countries are pro- or counter-cyclical, i.e. whether they offset cyclical fluctuations of sub-central economies or, on the contrary, exacerbate them.

  • 2-July-2013

    English

    Fiscal consolidation across government levels. Part 2: Fiscal rules for sub-central governments, update of the institutional indicator

    Fiscal rules that constrain sub-central government (SCG) budgeting are very common across the OECD, but there are substantial cross-country differences in their implementation and impact. This paper presents the 2011 update of the fiscal rules database established in 2005.

  • 2-July-2013

    English

    Fiscal consolidation across government levels. Part 1: How much, what policies?

    This paper provides an overview of fiscal consolidation efforts at the central and sub-central government level, both during the current and past consolidation episodes.

  • 2-July-2013

    English

    Restructuring the electricity sector and promoting green growth in Japan

    The 2011 disaster and nuclear problems opened the door to a new energy policy, as they raised fundamental questions about the electricity system’s ability to prevent and respond to accidents.

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  • 2-July-2013

    English

    Labour market policies to promote growth and social cohesion in Korea

    Labour market reform to improve growth prospects and reduce inequality is a top priority in the face of rapid population ageing and a dualistic labour market. Sustaining output growth requires policies to mitigate the impact of rapid population ageing by increasing labour inputs from under-employed segments of the population.

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  • 2-July-2013

    English

    Choosing fiscal consolidation instruments compatible with growth and equity

    This study proposes a structured approach to selecting instruments of fiscal consolidation that are consistent with growth, equity and global-rebalancing objectives, which is then illustrated with a particular application.

  • 2-July-2013

    English

    Education reform in Korea

    The rapid expansion of education in Korea is exceptional and has played a key role in its economic development. Sustaining Korea’s growth potential in the face of demographic headwinds requires further improving the education system to boost productivity growth.

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  • 2-July-2013

    English

    Austrian economy recovering, but trade-offs on the horizon, OECD says

    Austria has achieved high levels of economic growth and well-being, but must address serious demographic, environmental and globalisation challenges if future generations are to share the same prosperity, according to the OECD’s latest Economic Survey of Austria.

  • 2-July-2013

    English

    Consumer Prices, OECD - Updated: 2 July 2013

    Consumer prices in the OECD area rose by 1.5% in the year to May 2013 compared with 1.3% in the year to April 2013.

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