Assessing the sensitivity of Hungarian debt sustainability to macroeconomic shocks under two fiscal policy reactions

Hungarian debt level has steadily increased since 2001, with the debt-to-GDP ratio reaching about 84% at end-2011.

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• Economic Survey of Hungary 2012

Work incentives and recent reforms of the tax and benefit system in Hungary

Reducing the extent of inactivity and promoting labour supply is essential to foster labour market outcomes in Hungary in the medium term.

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• Economic Survey of Hungary 2012

Non-Keynesian effects of fiscal consolidation: an analysis with an estimated DSGE model for the Hungarian economy

Using an estimated DSGE model for Hungary, the paper identifies the possible non-Keynesian channels through which a fiscal consolidation may manifest as expansionary.

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• Economic Survey of Hungary 2012

OECD Territorial Reviews: The Chicago Tri-State Metropolitan Area

This review, the first of its kind conducted by the OECD in the United States, assesses the region’s capacity to contribute effectively to regional and national economic performance and quality of life.

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Launch of the Territorial Review of the Chicago Tri-State Metropolitan Area

Chicago is at a tipping point: despite economic strengths, it faces considerable challenges to compete in the “Premier League” of world-class cities, warns the OECD Secretary-General.

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• Governance: The Chicago Tri-State metro area is a powerful region – policy makers must work together to maintain a global pole position and fully realise the region’s potential

Governance: The Chicago Tri-State metro area is a powerful region – policy makers must work together to maintain a global pole position and fully realise the region’s potential

Chicago is at a tipping point: despite economic strengths, it faces considerable challenges to compete in the “Premier League” of world-class cities, warns the OECD’s review of the Chicago Tri-State Metropolitan Region.

Combating Global Headwinds: the OECD Perspective

Tackling the economic crisis, implementing structural reforms, generating jobs, mitigating climate change and reversing inequality are huge challenges that we can overcome if we work together, said OECD Secretary-General.

4th OECD Roundtable of Mayors and Ministers (opening remarks)

Green and Growth can go together, provided that the appropriate framework and the right economic and regulatory incentives are in place to encourage sustainable use of our resources and the environment, said Angel Gurría.

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• 4th OECD Roundtable of Mayors and Ministers (closing remarks)

12th annual OECD public sector accruals symposium (8-9 March 2012)

Special topics discussed at the 12th annual symposium on accruals include: accounting for social benefits; making financial statements more useful for end-users; and agency-level financial reporting.

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• Senior Budget Officials network on financial management

Governance: Innovative Urban Financing can help cities to grow green and generate jobs

Cities are ready to lead efforts to green the economy, concluded participants of the OECD Roundtable of Mayors and Ministers meeting in Chicago on March 8th, 2012.