|
|
News & Events
News
|
18-Nov-2011
In order to strengthen the fiscal policy framework the introduction of an explicit debt target should be considered and an independent fiscal institution should monitor and assess the budget as well as fiscal performance on all levels of government. Budgetary documentation should become more transparent and include performance indicators.
|
|
18-Nov-2011
The pension system performs well in terms of keeping old age poverty low, but is not providing much diversification. The introduction of a new voluntary defined contribution pillar (“second pillar”) is a step in the right direction, which needs to be well communicated and accompanied by regulatory measures to allow the public to make informed choices. In particular, consideration should be given to establishing a central clearing house in order to keep fees low. Payouts in the form of annuities and life-cycle investment strategies should be the default options.
|
|
18-Nov-2011
The Czech Republic has an energy- and carbon intensive economy, leaving important energy and emission saving opportunities underutilised due to insufficient incentives. This poses a risk to public health and energy security, increases the burden of agreed emission targets and might also mean foregone opportunities for growth. Instruments promoting energy efficiency need strengthening and should be more rigorously evaluated and better coordinated.
|
|
18-Nov-2011
The post-crisis recovery in the Czech Republic is moderate. More rapid real convergence is dependent on the transition to a more innovative, skill based and more energy efficient economy. Enhancing efficiency of public sector spending and providing incentives for better use of energy would be essential
|
|
31-Oct-2011
Presenting a special Briefing Note ahead of the Cannes Summit, Mr Gurría said without decisive action the outlook is gloomy. The OECD projects GDP growth to remain weak in the advanced G20 economies over the next two years while the pace of activity in the major emerging markets is likely to be lower than in the pre-crisis period.
|
|
28-Oct-2011
This project explores how the structure of international capital flows drives financial fragility. Based on new OECD empirical analysis, it highlights the role of international financial integration in transmitting contagion shocks and assesses whether global current account imbalances are driven by strong demand for safe assets from emerging economies.
|
|
26-Oct-2011
Brazil’s economic and social progress has been remarkable. A key macroeconomic challenge will be to damp inflation in a context of abundant global liquidity, and removing obstacles to investment will be crucial to sustaining strong economic growth. Faster infrastructure development would help to achieve better economic and social performance.
|
|
26-Oct-2011
Driven by both structural factors and international financial conditions, the Brazilian real has steadily appreciated since 2003, except during the 2008 financial crisis and more recently when a flight from risk in the midst of financial-market turbulence weakened it. Inflation pressures have emerged.
|
|
26-Oct-2011
Brazil should rely more prominently on fiscal consolidation. The spending cuts announced earlier this year and the setting of primary surplus targets for the next three years in levels consistent with public debt reduction are welcome and the government should continue in this direction.
|
|
26-Oct-2011
Parametric reforms to the pension system could restore its sustainability. Reduced expected pension benefits could also encourage people to save more during their working lives.
|
Top of page
|
|
