OECD Economic Policy Papers

Cardiac Arrest or Dizzy Spell
ISSN: 
2226-583X (online)
DOI: 
10.1787/2226583X
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The OECD Economic Policy Papers series is designed to make available selected studies on structural and macro-economic policy issues of current interest. The Papers are produced in the context of the work carried out on the two regular OECD titles, OECD Economic Outlook and Going for Growth.
 
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  N° 18   23 Sep 2016
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    http://oecd.metastore.ingenta.com/content/5jlr2h45q532-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/cardiac-arrest-or-dizzy-spell_5jlr2h45q532-en
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Cardiac Arrest or Dizzy Spell
David Haugh, Alexandre Kopoin, Elena Rusticelli, David Turner, Richard Dutu
World trade growth was rapid in the two decades prior to the global financial crisis but has halved subsequently. There are both structural and cyclical reasons for the slowdown. A deceleration in the rate of trade liberalisation post 2000 was...
  N° 17   22 Sep 2016
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    http://oecd.metastore.ingenta.com/content/5jlr3c1vcqmr-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/does-fiscal-decentralisation-foster-regional-convergence_5jlr3c1vcqmr-en
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Does Fiscal Decentralisation Foster Regional Convergence?
Hansjörg Blöchliger, David Bartolini, Sibylle Stossberg
Across the OECD, GDP per capita is converging. In contrast, regional disparities – or differences in GDP per capita across jurisdictions – are rising, mainly as a result of widening productivity differences. Fiscal decentralisation could help reduce...
  N° 16   28 Apr 2016
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    http://oecd.metastore.ingenta.com/content/5jm0lsvdkf6k-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/the-economic-consequences-of-brexit_5jm0lsvdkf6k-en
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The Economic Consequences of Brexit
Rafal Kierzenkowski, Nigel Pain, Elena Rusticelli, Sanne Zwart
Membership of the European Union has contributed to the economic prosperity of the United Kingdom. Uncertainty about the outcome of the referendum has already started to weaken growth in the United Kingdom. A UK exit (Brexit) would be a major...
  N° 15   01 July 2015
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    http://oecd.metastore.ingenta.com/content/5jrxtjmmt9f7-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/prudent-debt-targets-and-fiscal-frameworks_5jrxtjmmt9f7-en
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Prudent debt targets and fiscal frameworks
Falilou Fall, Debra Bloch, Jean-Marc Fournier, Peter Hoeller
The sharp rise in debt experienced by most OECD countries raises questions about debt indicators and the prudent government debt level countries should target. It also raises questions about the fiscal frameworks needed to reach the prudent debt...
  N° 14   11 June 2015
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    http://oecd.metastore.ingenta.com/content/5js06pbhf28s-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/finance-and-inclusive-growth_5js06pbhf28s-en
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Finance and Inclusive Growth
Boris Cournède, Oliver Denk, Peter Hoeller
Finance is a vital ingredient for economic growth, but there can also be too much of it. This study investigates what fifty years of data for OECD countries have to say about the role of the financial sector for economic growth and income inequality...
  N° 13   01 Apr 2015
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    http://oecd.metastore.ingenta.com/content/5js3777lbxzn-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/structural-reforms-and-income-distribution_5js3777lbxzn-en
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Structural reforms and income distribution
Orsetta Causa, Alain de Serres, Nicolas Ruiz
This paper provides new empirical evidence on the effects of structural policies on household disposable incomes at different income levels. More specifically, it investigates the extent to which structural policies have differential long-run impacts...
  N° 12   01 Apr 2015
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    http://oecd.metastore.ingenta.com/content/5js3777tdqjf-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/effects-of-pro-growth-policies-on-the-economic-stability-of-firms-workers-and-households_5js3777tdqjf-en
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Effects of Pro-Growth Policies on the Economic Stability of Firms, Workers and Households
Boris Cournède, Paula Garda, Peter Hoeller, Volker Ziemann
Economic policies shape how much people earn but also how stable their income and jobs are. The level of earnings and the degree of economic stability both matter for well-being. Micro-level data indicate that, across OECD countries, economic...
  N° 11   08 July 2014
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    http://oecd.metastore.ingenta.com/content/5jz158r4q0zn-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/vulnerability-of-social-institutions_5jz158r4q0zn-en
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Vulnerability of Social Institutions
Falilou Fall, Debra Bloch, Peter Hoeller, Jon Kristian Pareliussen, Mauro Pisu
Social institutions face many challenges. The recent economic crisis has provided a stress test as it has left a legacy of high unemployment and high government debt in many countries. It also lowered potential output and thus the revenue base for...
  N° 10   02 July 2014
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    http://oecd.metastore.ingenta.com/content/5jz18gpwfxq4-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/global-trade-and-specialisation-patterns-over-the-next-50-years_5jz18gpwfxq4-en
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Global Trade and Specialisation Patterns Over the Next 50 Years
Åsa Johansson, Eduardo Olaberría
This report presents descriptive evidence of specialisation trends and investigates empirically their causes and consequences, analysing the role of policies in this process. Then, based on the insights from the backward looking analysis, it draws...
  N° 9   02 July 2014
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    http://oecd.metastore.ingenta.com/content/5jz18gs5fckf-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/policy-challenges-for-the-next-50-years_5jz18gs5fckf-en
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Policy Challenges for the Next 50 Years
Henrik Braconier, Giuseppe Nicoletti, Ben Westmore
This paper identifies and analyses some key challenges that OECD and partner economies may face over the coming 50 years if underlying global trends relating to growth, trade, inequality and environmental pressures prevail. For example, global growth...
  N° 8   06 Feb 2014
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    http://oecd.metastore.ingenta.com/content/5jz8t849335d-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/growth-policies-and-macroeconomic-stability_5jz8t849335d-en
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Growth Policies and Macroeconomic Stability
Douglas Sutherland, Peter Hoeller
Policy reforms aimed at boosting long-run growth often have side effects – positive or negative – on an economy’s vulnerability to shocks and their propagation. Macroeconomic shocks as severe and protracted as those since 2007 warrant a...
  N° 7   01 July 2013
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    http://oecd.metastore.ingenta.com/content/5k43nxq6dzd4-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/choosing-fiscal-consolidation-instruments-compatible-with-growth-and-equity_5k43nxq6dzd4-en
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Choosing Fiscal Consolidation Instruments Compatible with Growth and Equity
Boris Cournède, Antoine Goujard, Álvaro Pina, Alain de Serres
Despite sustained efforts made in recent years to rein in budget deficits, a majority of OECD countries still face substantial public finance consolidation needs moving forward, owing to the legacy of debt accumulation before the crisis, and to the...
  N° 6   26 June 2013
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    http://oecd.metastore.ingenta.com/content/5k44t7jwwr9x-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/public-spending-on-health-and-long-term-care_5k44t7jwwr9x-en
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Public Spending on Health and Long-term Care
Christine de la Maisonneuve, Joaquim Oliveira Martins
This paper proposes a new set of public health and long-term care expenditure projections till 2060, following up on the previous set of projections published in 2006. It disentangles health from longterm care expenditure as well as the demographic...
  N° 5   12 June 2013
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    http://oecd.metastore.ingenta.com/content/5k44x00md5g8-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/judicial-performance-and-its-determinants_5k44x00md5g8-en
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Judicial Performance and its Determinants
Giuliana Palumbo, Giulia Giupponi, Luca Nunziata, Juan S. Mora-Sanguinetti
Well functioning judiciaries are key to economic development. Combining existing information with a newly collected dataset, the paper provides cross-country comparisons of measures of judicial performance, and investigates how cross-country...
  N° 4   28 May 2013
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    http://oecd.metastore.ingenta.com/content/5k46bh92lr35-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/knowledge-based-capital-innovation-and-resource-allocation_5k46bh92lr35-en
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Knowledge-Based Capital, Innovation and Resource Allocation
Dan Andrews, Chiara Criscuolo
Investment in knowledge-based capital (KBC) – assets that have no physical embodiment, such as computerised information, innovative property and economic competencies – has been rising significantly. This has implications for innovation and...
  N° 3   09 Nov 2012
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    http://oecd.metastore.ingenta.com/content/5k8zxpjsggf0-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/looking-to-2060-long-term-global-growth-prospects_5k8zxpjsggf0-en
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Looking to 2060: Long-Term Global Growth Prospects
Åsa Johansson, Yvan Guillemette, Fabrice Murtin, David Turner, Giuseppe Nicoletti, Christine de la Maisonneuve, Guillaume Bousquet, Francesca Spinelli
This report presents the results from a new model for projecting growth of OECD and major non-OECD economies over the next 50 years as well as imbalances that arise. A baseline scenario assuming gradual structural reform and fiscal consolidation to...
  N° 2   11 June 2012
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    http://oecd.metastore.ingenta.com/content/5k97gkcv5z27-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/international-capital-mobility_5k97gkcv5z27-en
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International Capital Mobility
Rudiger Ahrend, Antoine Goujard, Cyrille Schwellnus
The structure of a country’s external liabilities, as well as the extent and nature of its international financial integration are key determinants of its vulnerability to financial crises. This is confirmed by new empirical analysis covering OECD...
  N° 1   12 Apr 2012
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    http://oecd.metastore.ingenta.com/content/5k9bj10bz60t-en.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/fiscal-consolidation_5k9bj10bz60t-en
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Fiscal Consolidation
Douglas Sutherland, Peter Hoeller, Rossana Merola
The economic and financial crisis was the catalyst for a fiscal crisis that engulfs many OECD countries. Consolidating public finances in order to address the consequences of the crisis, underlying weaknesses and also future spending pressures...
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