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The recovery is projected to strengthen in the near term, but there are concerns about the longer-term legacy of the crisis, particularly because of the emergence of unsustainable fiscal imbalances as well as the possible damage to long-term growth prospects.
These country notes detail the fiscal situation to date (2011), the consolidation needs, and the commitments and intentions of governments in 30 OECD countries in the aftermath of the economic crisis.
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Increased international capital flows can support long-term income growth through a better international allocation of saving and investment.
This comprehensive review of urban policy in Poland looks at the urban system and the challenges it faces, national policies for urban development in Poland, and adapting governance for a national urban policy agenda.
The state of public finances has worsened considerably in many OECD countries. This report provides an overview of fiscal consolidation strategies (either reducing expenditures or raising taxes) to put public finances on a sustainable path.
This review addresses the needs of national and regional governments for greater clarity on how to strengthen the innovation capacity of regions to boost national performance. It is part of wider OECD work on regional development and supports the OECD Innovation Strategy.
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The OECD’s 50th Anniversary is an opportunity to reaffirm what we stand for and what we are about. After 50 years, our objective is and remains to help member and partner country’s governments to formulate and implement better policies for better lives.
The 3rd annual meeting of the OECD network of parliamentary budget officials (PBO) was held in Stockholm, 28-29 April 2011. The meeting was chaired by Anna Kinberg Batra, MP, Chair of the Finance Committee of the Swedish Parliament.
The financial crisis revealed flaws in pre-crisis policy frameworks.
This paper presents a stylised model in which either a savings glut or an exchange rate peg in emerging economies drives down the level of interest rates in advanced economies and, when it hits the zero-rate bound, produces a welfare loss.