Publications & Documents


  • 5-August-2013

    English

    Deleveraging: challenges, progress and policies

    In the run-up to the financial crisis, indebtedness of households and non-financial businesses rose to historically high levels in many OECD countries; gross debt of financial companies rose dramatically relative to GDP. Much of the debt accumulation appears to have been based on excessive risk-taking and exceptional macro-economic conditions and therefore not sustainable.

  • 15-July-2013

    Spanish

    La Reforma de la Administración Pública Española

    La reforma administrativa es un proceso multidimensional y complejo que requiere buenas estrategias, continuidad y liderazgo. Debido a su alcance y amplitud, afecta aspectos concretos y palpables de todos los ámbitos de la realidad administrativa.

    Related Documents
  • 12-July-2013

    English

    OECD Secretary-General to participate in public administration reform seminar in Madrid on Monday 15 July 2013

    The Spanish government has launched a series of ambitious public administration reforms as part of wider efforts to promote economic competitiveness and strengthen trust in government and public institutions.

    Also Available
  • 3-July-2013

    English

    A simple fiscal stress testing model - case studies of Austrian, Czech and German economies

    This paper develops a simple model-based framework for stress testing fiscal consolidation strategies under different scenarios of future shocks

  • 2-July-2013

    English

    Fiscal consolidation across government levels. Part 3: Intergovernmental grants, pro- or counter-cyclical?

    This paper provides empirical analysis that measures the cyclical properties of intergovernmental transfers (or grants). Modelling a fiscal policy reaction function this paper tests whether the transfers systems in OECD countries are pro- or counter-cyclical, i.e. whether they offset cyclical fluctuations of sub-central economies or, on the contrary, exacerbate them.

  • 2-July-2013

    English

    Fiscal consolidation across government levels. Part 2: Fiscal rules for sub-central governments, update of the institutional indicator

    Fiscal rules that constrain sub-central government (SCG) budgeting are very common across the OECD, but there are substantial cross-country differences in their implementation and impact. This paper presents the 2011 update of the fiscal rules database established in 2005.

  • 2-July-2013

    English

    Fiscal consolidation across government levels. Part 1: How much, what policies?

    This paper provides an overview of fiscal consolidation efforts at the central and sub-central government level, both during the current and past consolidation episodes.

  • 2-July-2013

    English

    Choosing fiscal consolidation instruments compatible with growth and equity

    This study proposes a structured approach to selecting instruments of fiscal consolidation that are consistent with growth, equity and global-rebalancing objectives, which is then illustrated with a particular application.

  • 1-July-2013

    English

    Italy and the euro area crisis: securing fiscal sustainability and financial stability

    Italy’s policy of fiscal consolidation and growth-friendly structural reforms has substantially improved its economic prospects, but the adverse sentiment that the country has faced in the sovereign bond market over the past years has deep roots.

  • 1-July-2013

    English

    The post-crisis narrowing of international imbalances - cyclical or durable?

    After peaking in the first half of 2008, international imbalances declined sharply during the global crisis of 2008-09, in part reflecting cyclical factors such as large contractions in domestic demand on the back of bursting housing bubbles in a number of deficit countries, as well as large declines in cross-border capital flows, interest rates and commodity prices.

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