The falling ratios of workers to retirees in many OECD countries are jeopardising their old-age pension systems. Similarly, the rise in life expectancy and chronic medical conditions are pushing up health expenditures. Demand for education is also high, as productivity gains will need an increasingly educated workforce to be sustained.
L’économie hongroise se développe mais des réformes s’imposent pour stimuler les compétences, l’investissement productif et les revenus.
English, PDF, 83kb
Jean-Marc Fournier - Curriculum Vitae
This paper reviews the main issues related to the short-term impact of structural reforms in different macroeconomic contexts and takes stock of existing theoretical and empirical studies.
The economic consequences of Brexit: A taxing decision
English, PDF, 121kb
Sónia Araújo - Curriculum Vitae
This paper provides analysis of the regulatory governance of network sector regulators in electricity, gas, telecommunications, rail, airport and ports within the OECD as it stood in 2013.
Brazil remains a fairly closed economy, with small trade flows relative to its share of world income. This paper explores the effects of three possible policy reforms to strengthen Brazil’s integration into global trade: a reduction in import tariffs, less local content requirements and a full zero-rating of exports in indirect taxes.
Estimates of the output gap ought to be a useful guide for macroeconomic policy, both for assessing inflationary pressures and fiscal sustainability, but their reliability has been called into question by the large revisions which they are often subject to, particularly around turning points.
The Irish economy is growing strongly, but there is a risk many households will be left behind despite robust growth. High joblessness especially among the low-educated and skill-biased wage differentials have induced high market income inequality, among the highest in the OECD.