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The OECD closely monitors public expenditure trends, assesses expenditure allocation mechanisms and the extent to which these contribute to the achievement of policy goals in a cost-effective way.
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03-Nov-2009
Despite progress over the past two decades Mexico’s health and education indicators remain well below the average of the OECD and some of its Latin American emerging market peers. Health insurance coverage is incomplete, especially for low-income families, and access to health services is highly uneven.
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04-Nov-2009
Following the severe contraction of the economy, the main economic challenges in rebalancing the economy include raising competitiveness, restoring the financial system to health, fiscal consolidation and avoiding high long-term unemployment.
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16-Oct-2009
Monetary and fiscal policies face huge challenges: the banking sector has collapsed; the economy is in the midst of a deep recession; the exchange rate has plunged; capital flows have been frozen; inflation is elevated; public debt has risen; source of revenues have disappeared; social needs have increased; and the unemployment insurance fund has been nearly depleted.
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30-Sep-2009
Japan has been hard-hit by the global financial crisis. Its main economic challenges include raising its growth potential, upgrading the financial sector, resolving its fiscal problem, reforming health care and improving climate change policies.
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22-Jul-2009
This paper analyses recent large movements in the yield spread for sovereign bonds as between Germany and other Euro Area countries. While the general increase in risk aversion that has characterised the financial crisis is an important factor on its own, it is found that this has also magnified the importance of fiscal performance.
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