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News & Events
News
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04-Jan-2007
Monetary policy is responding to inflation pressures. The ECB should continue to refine its communication strategy in order to enhance clarity. The recovery creates a golden opportunity to get fiscal policy back on track. Member states need to make greater efforts to achieve budget balance and pay down debt.
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24-Nov-2006
Despite progress in macroeconomic stability, Brazil's GDP growth needs to rise to close the income gap relative to the OECD. This will require consolidating macroeconomic adjustment, boosting business innovation and improve formal labour utilisation.
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18-Oct-2006
Despite substantial progress with macroeconomic stabilisation and institutional reform, the recent turmoil in financial markets has highlighted the need for further structural reforms to increase productivity growth, expand the formal sector, and consolidate macroeconomic stability.
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09-Aug-2006
Iceland's growth performance has been impressive, but it has been accompanied by large economic imbalances that need to be corrected swiftly by approriate monetary and fiscal policies. Other challenges include minimising risks to the stability of, and completing reforms in, the financial sector as well as human capital development to sustain the rise in the country's prosperity.
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31-Jul-2006
Australia is currently riding the global boom in commodities and must maintain macroeconomic stability when commodity prices eventually weaken. Sustaining long-term growth in living standards will require progress on numerous fronts: improving fiscal relations across levels of government; further reform of network industries; more efficient use of water; improving workforce skills; and increasing labour market participation by lone parents, second earners, disability beneficiaries and those aged over 55.
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20-Jul-2006
Japan has finally emerged from an extended period of economic stagnation following the collapse of the asset price bubble in the early 1990s. However, Japan needs to implement monetary and fiscal policies appropriate to its unique macroeconomic situation while advancing on a wide range of economic reforms necessary to sustain growth.
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05-Jul-2006
Economic growth is likely to be lower in the long term than in recent decades. Fiscal consolidation and pension reform are needed to put public finances on a sustainable path. Reforms to increase labour utilisation and upgrade skills are also needed.
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28-Jun-2006
Poland’s growth performance since 2004 suggests that the process of catch-up with higher-income countries has been renewed. But an improved balance of macroeconomic policies and further efforts to improve structural policies are needed to sustain and accelerate convergence.
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26-Jun-2006
The Canadian economy has performed well in recent years, but improving productivity performance will be crucial to achieving durable prosperity gains. In addition, it will be important to ensure that the federal and provincial fiscal arrangements, as well as social policies, are on a sustainable path.
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15-Jun-2006
This paper discusses ways to strengthen competition in order to boost productivity growth and help restrain inflation. Economics Department Working Paper 491 by David Rae, Line Vogt and Michael Wise.
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Economic Survey of Denmark 2009
Economic Survey of Ireland 2009
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