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News & Events
News
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31-Dec-2010
What changes are needed to make counter-cyclical economic policy more effective in the aftermath of the recent crisis? An important lesson from the severity of the recent recession is that policy in various areas will have to be more prudent during upswings and to build in greater safety margins to be able to react to large adverse shocks.
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Monetary policy reaction functions in the OECD
31-Dec-2010
Monetary policy reaction functions can provide insights into the factors influencing monetary policy decisions. Empirical estimates suggest that differences exist across countries as to whether monetary policy reacts solely to expected inflation or also takes into account expected output developments.
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09-Sep-2010
The world economic recovery may be slowing faster than previously anticipated, according to the OECD’s latest Interim Economic Assessment. Growth in the Group of Seven countries is expected to be around 1½ per cent on an annualized basis in the second half of 2010 compared with the previous estimate of around 2½ per cent in the OECD’s May Economic Outlook.
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22-Jun-2010
OECD Secretary-General Angel Gurría hailed the budgetary measures announced today by U.K. Chancellor of the Exchequer George Osborne as a courage move that will underpin fiscal consolidation while supporting economic recovery.
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25-May-2010
Economic activity in OECD countries is picking up faster than expected but volatile sovereign debt markets and overheating in emerging-market economies are presenting increasing risks to the recovery, according to the OECD’s latest Economic Outlook.
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07-Apr-2010
Hard-hit by the collapse in exports and faced with the costs of the recession and of population ageing, Finland will need to strengthen its public finances through reining in municipal spending growth and pursuing further labour market and retirement reforms. Improving the tax system and lowering regional labour market disparities would help tackle rising inequality.
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22-Mar-2010
The OECD has produced a set of recommendations for G20 governments to help them rein in escalating – and some cases unprecedented - levels of public debt. The recommendations focus on strategy, timing and action and looks at reforms that can strengthen public finances over the longer term.
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16-Feb-2010
Reforms in in nine key areas - a strategy for domestic demand-led growth, the labour market, environment and climate change, education, taxes, health and long-term care, pension reform, regional policy and decentralization and public governance, could bring about a lasting improvement in Japan’s economic prospects, according to OECD analysis (also available in Japanese).
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12-Feb-2010
In an op-ed published in the Greek newspaper Kathimerini in October 2009, A. Dean, Director of country studies at the OECD, says it is urgent for the government to improve the financial situation and the efficiency of its public sector. It is the only way to restore trust in public finances, maintain a high economic growth and improve fairness among generations.
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20-Jan-2010
Israel’s economy has shown resilience during the global recession, but more active education and employment policies – particularly targeted at minority groups – are needed to bolster its economic performance and bridge deep divisions within its society, according to the OECD.
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