The output gap ought to be a key input in short-term policy-making because it provides a summary measure of economic slack, so allowing policy-makers to anticipate inflationary pressures. It can also be used to estimate cyclically-adjusted measures of the fiscal balance, to provide a better assessment of fiscal sustainability.
Thank you for the invitation to share with you our views on how to get the global economy on a new growth path.
Etude disponible seulement en anglais.
Korea needs to boost productivity, increase employment and stoke economic activity as part of efforts to reverse current trends toward slower growth and low inflation, according to a new report from the OECD.
This review assesses the overall investment climate in the Philippines, looking at investment policy, investment promotion and facilitation, competition policy, infrastructure investment and responsible business conduct. The Review documents successful reform episodes over the past 25 years in the Philippines, assesses their impact and suggests areas for further reforms. It looks at how to raise investment levels by both foreign and domestic enterprises and at how to ensure that such investment contributes to sustainable and inclusive growth. The current macroeconomic situation in the Philippines is favourable, remittances are high, the business process outsource industry is booming, and the new Competition Act will help to make the domestic market more competitive. The Review argues for one further reform push to ease the many restrictions on foreign investors in the Philippines so as to provide an investment climate where all firms can invest and grow.
L’heure est à l’amélioration des perspectives économiques au Danemark mais il faut faire de nouvelles réformes pour préserver les niveaux de vie dans le pays et veiller au bien-être de tous ses citoyens, selon un nouveau rapport de l’OCDE.
L’économie hongroise se développe mais des réformes s’imposent pour stimuler les compétences, l’investissement productif et les revenus.
L’économie hongroise s’est fortement développée ces dernières années, à la faveur d’une solide croissance des exportations et de la demande intérieure des entreprises. Mais les revenus restent parmi les plus faibles de l’OCDE et des réformes structurelles seront nécessaires.
This book provides a comprehensive assessment of the innovation policy of Luxembourg. It is the second such OECD review of Luxembourg's innovation system, following an earlier review published in 2007. Since that time, the system has undergone profound change, notably a rapid expansion in the scale and scope of public sector research, which offers new opportunities for Luxembourg, but also new challenges for innovation policy. The review focuses on the role of government and includes concrete recommendations on how to improve policies that affect innovation and R&D performance.
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.