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The OECD monitors fiscal policies. Assessments shape the macroeconomic projections and policy recommendations. Work also examines the longer-term debt dynamics and sustainability of public finances, the role of fiscal policy in a monetary union and the interaction between fiscal and monetary policy.
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23-Dec-2008
In this working paper, we decompose fiscal policy in three components: i) responsiveness, ii) persistence and iii) discretion. Using a sample of 132 countries, our results point out that fiscal policy tends to be more persistent than responding to output variations.
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18-Dec-2008
This paper analyses how different tax policies can affect investment and productivity. To address this question the paper uses industry-level data from a set of OECD countries and examines whether different industries are affected differently by taxation.
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18-Dec-2008
The financial crisis and economic downturn are going to weigh on fiscal positions in OECD countries over the short to medium-term, both through the operation of automatic stabilisers and the enactment of discretionary fiscal stimulus packages.
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17-Dec-2008
Korea has been hard-hit by the global financial crisis. In addition, it faces a number of medium-term challenges to sustaining growth, notably tax reform, enhancing service sector productivity and reforming the labour market and education system.
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03-Dec-2008
The Swedish budget framework has helped improve the fiscal position considerably over the last decade. Going forward, fiscal targets should be clearly linked to long-run considerations. Future budget pressures will necessitate a combination of pre-funding, increased labour supply, and more private contributions and increased competition in publicly funded services.
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