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This paper analyses the monetary and fiscal policy implications of output gap estimates in times of crisis. The widening of output gaps observed in major OECD economies in the wake of the recent crisis has been mainly due to total factor productivity gaps, except in the United States where it essentially resulted from a large increase in the unemployment gap.
The OECD Journal on Budgeting is a unique resource for policy makers, officials and researchers in public sector budgeting. It provides insight on leading-edge institutional arrangements, systems and instruments
In this paper we develop a simple analytical framework to analyze “good” and “bad equilibria” in public-debt and growth dynamics.
The OECD together with the Ministry of Public Administration and Justice of Hungary organised a workshop on codes of conduct with the participation of over 100 civil servants from the whole of public administration, as well as experts from Austria, Slovenia and the OECD Secretariat.
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".
Risk and Crisis Communication: Opportunities and Challenges of Social Media
On 28-29 June, 2012, the SBO network on health expenditures held a joint meeting with the WHO in Tallinn, Estonia on the “Financial Sustainability of Health Systems in Central, Eastern, and South-Eastern Europe".
OECD Workshop on Inter-Agency Crisis Management
This Guide provides concrete recommendations of high impact reforms to simplify the processes of business start ups, construction permits, property registration, procurement, and to upgrade regulatory transparency and efficiency in the management of formalities in Mexico.
This conference was held in Milan, Italy, and it's aim was to identify effective policy strategies for metorpolitan areas.