Latest Documents


  • 2-July-2012

    English

    Europe's new fiscal rules

    Europe is putting in place a new system of fiscal rules following the euro area sovereign debt crisis and decades of rising government to debt-to-GDP ratios. These include the so-called "six pack" to upgrade the Stability and Growth Pact to a new Treaty incorporating the "fiscal compact".

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  • 11-June-2012

    English

    Credit crises and the shortcomings of traditional policy responses

    Economic downturns which have their roots in preceding credit excesses and debt overhang have tended historically to be long lasting, whether the financial sector remained healthy or not.

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  • 30-May-2012

    English

    Ensuring debt sustainability amid strong economic uncertainty in Hungary

    Despite a deep recession in 2009 and weak growth in subsequent years, Hungary’s fiscal position compares favourably with many other OECD countries.

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  • 3-May-2012

    English

    Options for benchmarking infrastructure performance

    Three main approaches can be used to assess infrastructure performance. The first employs macro econometric techniques to estimate the impact of the existing infrastructure capital stock on growth and to infer its growth maximising level.

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  • 3-May-2012

    English

    Bringing Belgian public finances to a sustainable path

    Economic growth is projected to be strengthening from mid-2011 onwards, but will be insufficient to restore the sustainability of public finances.

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  • 12-April-2012

    English

    Fiscal Consolidation

    The economic and financial crisis was the catalyst for a fiscal crisis that engulfs many OECD countries. Consolidating public finances in order to address the consequences of the crisis, underlying weaknesses and also future spending pressures creates important challenges. Fiscal consolidation requires choices to be made about how much consolidation is needed, how fast it should be implemented and which instruments should be used.

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  • 12-April-2012

    English, Excel, 445kb

    What are the best policy instruments for fiscal consolidation? OECD Economics Department Policy Notes, No. 12

    Large fiscal challenges will pre-occupy OECD governments for some time to come. The economic crisis that began in 2008 caused deficits to surge, and fiscal imbalances were swollen further by stimulus measures and bank rescue operations.

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  • 12-April-2012

    English, , 374kb

    Fiscal consolidation: How much is needed to reduce debt to a prudent level? OECD Economics Department Policy Notes, No. 11

    Fiscal consolidation: How much is needed to reduce debt to a prudent level? OECD Economics Department Policy Notes, No. 11

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  • 12-April-2012

    English

    Fiscal Consolidation: How much, how fast and by what means?

    The economic crisis has led to a surge in government deficits and pushed public indebtedness to 100% of GDP for the OECD as a whole in 2011. New research shows that bringing debt down to prudent levels will require sustained fiscal consolidation in most OECD countries.

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  • 10-April-2012

    English

    Tax reform in Norway: a focus on capital taxation

    Norway’s dual income tax system achieves high levels of revenue collection and income redistribution, without overly undermining economic performance and while paying attention to environmental externalities.

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