European banking union in its final leg

by Jan Stráský and Guillaume Claveres, OECD Economics Department,  Euro Area/European Union desk After years of crisis, we are now experiencing an economic expansion in Europe. But further crises are certain to come, sooner or later, and improvements in the euro area’s resilience to economic shocks will require further policy changes. Notably, it is important … More European banking union in its final leg

Structural reforms in a difficult time

By Naomitsu Yashiro, Structural Surveillance Division, OECD Economics Department The pace of structural reforms is slowing just when the world economy needs decisive policy actions to strengthen fundamentals and restore healthy growth (the 2016 Going for Growth report). Policy makers may be concerned that introducing structural reforms in the current context involve trade-offs between the … More Structural reforms in a difficult time