Des réformes doivent être engagées maintenant pour s’adapter aux évolutions du monde

par Laurence Boone, Cheffe économiste de l’OCDE  Des réformes doivent être engagées maintenant pour s’adapter aux évolutions du monde La mondialisation, la transition numérique, le vieillissement démographique et la dégradation de l’environnement sont autant de mégatendances qui déterminent ce que seront, demain, les niveaux de vie et le bien-être. Or, en l’absence d’une reprise de … More Des réformes doivent être engagées maintenant pour s’adapter aux évolutions du monde

The time for reform is now to respond to global challenges

by Laurence Boone, OECD Chief Economist Globalisation, digitalisation, ageing and environmental degradation are the megatrends shaping tomorrow’s living standards and well-being. The prospects look weak in the absence of renewed reform dynamism. The global economy is facing further headwinds, with growth weakening in the wake of high trade uncertainty. At the same time, gains in … More The time for reform is now to respond to global challenges

Income redistribution across OECD countries: main findings and policy implications

By Orsetta Causa, OECD Economics Directorate, and Anna Vindics and James Browne, OECD Directorate for Employment, Labour and Social Affairs Income inequality has increased in most OECD countries over the past two decades. This is both because market incomes (wages, dividends, interest income) have become more unequally distributed, and also because redistribution through taxes and … More Income redistribution across OECD countries: main findings and policy implications

Structural Policy Indicators Database for Economic Research: SPIDER on the web

by Égert Balázs, Peter Gal and Isabelle Wanner, OECD Economics Department Researchers looking for empirical evidence on the relative impact of policy and non-policy drivers of economic growth know how much time and efforts can go into assembling a large database of policy variables and other determinants covering as many countries and years as possible. … More Structural Policy Indicators Database for Economic Research: SPIDER on the web

The G20’s Enhanced Structural Reform Agenda: Some progress, but more reforms needed

by Agnès Cavaciuti, Tomasz Kozluk, Dorothée Rouzet, Nicolas Ruiz and William Witheridge, OECD Economics Department As G20 Finance Ministers and Central Bank Governors meet in Washington, there are signs that the growth prospects for their economies are improving. Recent indicators point to rising business confidence and industrial production in many countries, and fiscal initiatives in … More The G20’s Enhanced Structural Reform Agenda: Some progress, but more reforms needed

Italy’s reforms are paying off but challenges remain

By Mauro Pisu, Head of Italy Desk, Country Studies Branch, OECD Economics Department Italy is recovering after a deep and long recession. Structural reforms, accommodative monetary and fiscal conditions, and low commodity prices have spearheaded the ongoing economic recovery. The Jobs Act and social security contributions’ exemptions jolted the labour market, leading to rising employment … More Italy’s reforms are paying off but challenges remain

Structural reforms to revive growth in Europe: necessary but not sufficient

By Aida Caldera Sánchez, European Union Desk, and Nicolas Ruiz, Structural Surveillance Division, OECD Economics Department After many years characterised by output losses or quasi-stagnation, steadier growth appears to be setting in across European economies. Recent data point to an upturn in growth, the euro-area unemployment rate has finally fallen below 10%, and private-sector confidence … More Structural reforms to revive growth in Europe: necessary but not sufficient

Strengthening economic resilience: What lessons to draw from the post-1970s record of severe recessions and financial crises

By Alain de Serres, Filippo Gori and Mikkel Hermansen, OECD Economics Department Major global crises such as the 2008-09 episode are mercifully rare, but severe recessions have been quite frequent among OECD countries over the past four decades.  Even when they do not inflict long-lasting economic damages, they often entail significant costs in terms of … More Strengthening economic resilience: What lessons to draw from the post-1970s record of severe recessions and financial crises

Weighing up the Growth Dividends from Structural Reforms

by Balázs Égert and Peter Gal, OECD Economics Department In many OECD countries, economic growth has yet to recover the lost ground suffered in the aftermath of the financial crisis. In some of them, unemployment has been persistently high, investment rates disappoint, and productivity is extremely sluggish – a “low growth trap”. Put differently, all three … More Weighing up the Growth Dividends from Structural Reforms

Structural reforms can be inclusive; it all depends on the details

By Orsetta Causa,  Mikkel Hermansen and Nicolas Ruiz, Structural Surveillance Division, OECD Economics Department Structural reforms are regularly assessed based on their ability to boost GDP per capita. This emphasis relies on the assumption that higher GDP per capita is systematically associated with rising living standards for the vast majority of citizens. This view is … More Structural reforms can be inclusive; it all depends on the details