Latest Documents


  • 12-January-2012

    English

    Less income inequality and more growth – are they compatible? Part 4. Top incomes

    Over the past decades, top incomes have soared, especially in the English-speaking countries. Despite a considerable amount of research on top income developments, there is still substantial disagreement about the causes for their rapid increase.

  • 12-January-2012

    English

    Less income inequality and more growth – are they compatible? Part 3. Income redistribution via taxes and transfers across OECD countries

    Taxes and transfers reduce inequality in disposable income relative to market income. The effect varies, however, across OECD countries.

  • 12-January-2012

    English

    Fiscal consolidation: Part 6. What are the best policy instruments for fiscal consolidation?

    OECD countries face daunting fiscal challenges following the substantial surge in debt-GDP ratios during the past four years, from already high levels in many cases.

  • 12-January-2012

    English

    Fiscal consolidation: Part 3. Long-run projections and fiscal gap calculations

    During the economic and financial crisis, fiscal positions across the OECD countries deteriorated sharply. This raises the question of what level of primary deficit would ensure long-term sustainability and what degree of consolidation is needed.

  • 12-January-2012

    English

    Less income inequality and more growth – are they compatible? Part 5. Poverty in OECD countries

    Poverty is an important policy issue in OECD countries and the recent crisis has made it even more pressing. This paper highlights poverty rate differences across countries and reviews the various policies to tackle it.

  • 12-January-2012

    English

    Fiscal consolidation: Part 5. What factors determine the success of consolidation efforts?

    The global economic and financial crisis exacerbated the need for fiscal consolidation in many OECD countries.

  • 12-January-2012

    English

    Fiscal consolidation: Part 1. How much is needed and how to reduce debt to a prudent level?

    The economic and financial crisis was the catalyst for a fiscal crisis that engulfs many OECD countries. In most countries, budget deficits soared as a result of the economic slump, weaker revenues and the policy response to the crisis.

  • 2-January-2012

    English

    Public spending efficiency in the Czech Republic: fiscal policy framework and the main spending areas of pensions and healthcare

    The Czech fiscal position is generally sound and policy making is prudent. However, the fiscal framework was not strong enough to contain spending in the upturn and it would benefit from independent budget oversight.

    Related Documents
  • 2-January-2012

    English

    Explaining the interest-rate-growth differential underlying government debt dynamics

    The differential between the interest rate paid to service government debt and the growth rate of the economy is a key concept in assessing fiscal sustainability.

  • 21-December-2011

    English

    Current issues in managing government debt and assets

    The management of government debt and assets has important implications for fiscal positions.

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