English, , 1,225kb
This report explores the ways in which several types of budget institutions facilitate reallocation. The report looks, among other things, at medium-term expenditure frameworks, rules of budgetary discipline, the role of the minister of finance, and programme review.
France, like other member countries, has undergone a broad review of its national regulatory practices and internal regulatory reforms.
Since the early 1990s, when France's general government deficit reached a disturbing 6% of GDP, the country's public finances have progressed substantially, even though significantly further improvement is required. This paper examines the tools available to policy makers to meet this challenge.
English, , 324kb
Using overlapping generations (OLG) models calibrated on 7 OECD countries - the United States, Japan, France, Canada, Italy, the United Kingdom and Sweden - the authors investigate the macroeconomic impact of possible pension reform strategies as populations age.
English, , 1,981kb
This publication examines how five member countries implemented budgeting reforms in 1994-95. The reforms focussed on giving spending agencies greater flexibility in using resources, in exchange for holding them responsible for achieving results.