by Nigel Pain and Elena Rusticelli, Greater international integration has modified the transmission channels and the impact that external shocks have on domestic economies via increased trade openness and exposure to global financial developments. One important change, discussed in the special chapter of the latest OECD Economic Outlook, is that growth prospects in OECD economies … More The global impact of weaker demand growth in China
Jan Stráský and Guillaume Claveres, OECD Economics Department, Euro Area/EU desk The euro area sovereign debt crisis has exposed important flaws in the design of the Economic and Monetary Union, especially when it comes to dealing with macroeconomic shocks. Compared to federal states, fiscal transfers at the euro area and EU level are virtually non-existent. … More A sustainable European currency needs a common fiscal stabilisation instrument
by Debbie Bloch, Public Economics Division, Economics Department Governments today need to balance the policy goals of boosting economic growth and improving equity when making budget decisions. How can public spending choices promote inclusive growth? What can be learned from previous spending decisions in times of crisis? As it becomes increasingly important for policymakers to … More Does public spending foster inclusive growth in your country?
by Andrew Barker, Canada Desk, OECD Economics Department The current Canadian government has declared itself feminist and has taken a number of steps to improve labour market outcomes for women. This includes increased funding for early learning and child care and improving equality of parental leave by introducing five weeks of leave for the second … More Delivering on the promise of better outcomes for Canadian women
by David Carey, Head of Canada Desk, OECD Economics Department Canada has long taken in more immigrants relative to its population than most other countries. Immigration policy in Canada aims to promote economic development by selecting immigrants with high levels of human capital, to reunite families and to respond to foreign crises and offer protection … More Enhancing labour-market integration of immigrants in Canada
By Orsetta Causa, OECD Economics department Income inequality has increased in most OECD countries over the past two decades. This has come about both because incomes before taxes and transfers have become more unequally distributed, and because the extent of redistribution through taxes and transfers has fallen (“Income redistribution through taxes and transfers across OECD … More An empirical investigation on the drivers of income redistribution across OECD countries
by Falilou Fall, Head of Czech Desk, OECD Economics Department Growth, driven by both internal and external demand, has been accelerating since 2013 and at 4.6% in 2017 it was more balanced than in previous years. Household consumption is supported by income growth, a declining savings rate as confidence is high, and by rising credit. … More The Czech economy is thriving but labour shortages will limit growth
by Rauf Gonenc, Head of the Turkey Desk, OECD Economics Department Turkey’s business sector exhibits one of the highest investment rates among OECD countries. However, the 2018 Economic Survey of Turkey (OECD, 2018) suggests that the quality of investment could be enhanced by overcoming the fragmentation of the business sector and by improving the current … More Improving the quality of business investment in Turkey
by Volker Ziemann, Turkey Desk, OECD Economics Department Despite numerous headwinds and adverse shocks, Turkey’s real GDP has grown by more than 34% over the past 5 years, faster than any other OECD country except for Ireland and only slightly less than China and India. The revision of national accounts in early 2017 not only … More Growth remains buoyant in Turkey but fundamentals need to be strengthened
by Sean Dougherty, Senior Advisor, OECD Fiscal Network Over the last decade or more, many countries have experienced slowing productivity growth and a rising concentration of income. Concerns about these developments have motivated a broadening of the policy discussion about how to ensure that economic growth is made more inclusive and multidimensional. One important channel for … More Fiscal decentralisation and inclusive growth?