Israel: Monetary and Fiscal Policy

Monetary policy and inflation prospects are broadly sound in Israel, but significant challenges remain for fiscal policy in reducing public debt, as discussed in this working paper.

Fiscal consolidation

Governments and central banks have implemented wide-ranging support packages in response to the global crisis. Discretionary fiscal measures, coupled with cyclical revenue losses and expenditure hikes, have resulted in a sharp increase in budget deficits, which are projected to peak at 8¼ per cent of GDP in the OECD area as a whole in 2010. How to get out of this dangerous spiral? How can we address this challenge while at the same

The political economy of fiscal consolidation

This paper explores the political economy of fiscal adjustment.

How to put the global economy on a sustainable growth path

William White, Chair, OECD Economic and Development Review Committee on tackling imbalances and avoiding another crisis.

Beyond the crisis: Shifting gears

The deep scars of the crisis can be relieved through appropriate policy action, particularly in competition, jobs, taxes and financial services. This would bolster long-term growth too.

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A framework for assessing green growth policies

This paper proposes an analytical framework for assessing policies that will contribute to a better integration of environmental externalities in the pursuit of economic efficiency and growth objectives.

Health care systems: efficiency and institutions

This paper presents a set of indicators to assess health care system performance. It also presents new comparative data on health care policies and institutions for OECD countries.

Counter-cyclical economic policy: Economics Department Policy Note No. 1

OECD's recommendations on how to decide on appropriate policy in the face of an economic disturbance.

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EO87 Chapter 6: Counter-cyclical economic policy

Special Chapter from Economic Outlook 87, May 2010

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The effects of fiscal policy on output: A DSGE analysis

This paper examines the effects of fiscal policy on output in the euro area.