The Italian Chamber of Deputies hosted the first annual meeting of OECD parliamentary budget officials in Rome, 26-27 February 2009. The meeting opened with a welcome address by Rosy Bindi, Vice-President of the Italian Camera dei deputati.
Euro Area entry calls for more fiscal flexibility to absorb cyclical shocks that cannot be dealt with by the common monetary policy. At the same time fiscal consolidation must not be put at risk, especially given rising ageing related costs.
This report looks at how Japan monitors, prepares for and responds to floods and earthquakes. It identifies good practices and areas where improvements could be made.
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Chapter 1 from Going for Growth 2009 reviews how the current recession affects the prospect for structural reform and then explores which of the policy priorities identified in the current volume to boost long-term growth are most likely to stimulate demand in the near term.
OECD Territorial Reviews: Cape Town, South Africa, aims to provide a detailed diagnosis and solutions for improving the competitiveness and governance of the Cape Town metropolitan region.
This paper analyzes the effects of fiscal convergence on business cycle volatility and growth. Our empirical results are economically and statistically significant, and robust.
The aim of this paper is to assess the ability of social spending to smooth output shocks and to provide stabilization. The results show that overall social spending is able to smooth about 16 percent of a shock to GDP.
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This report updates and extends the earlier work of the OECD on alternatives to traditional regulation, drawing on the experiences of individual countries in using alternative approaches. It also provides a framework to assist policy makers in selecting those instruments that are particularly applicable in different circumstances, facilitating the desire of many countries to reduce red tape and the burdens imposed on agents by
Korea has one of the lowest tax burdens in the OECD area, reflecting its small public sector. However, rapid population ageing will put upward pressure on government spending.
This report analyses the key socio-economic forces at work in China’s rural areas and discusses the current government strategy for rural development