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Labour market resilience : the role of structural and macroeconomic policies

Hijzen, Alexander; Kappeler, Andreas; Pak, Mathilde; … - 2017

This paper provides an overview of labour market resilience in the wake of the Great Recession of 2008-09 and the role played by macroeconomic and structural policies. The OECD unemployment rate has returned to close to its pre-crisis level, but the unemployment cost of the Great Recession has...

Persistent link: https://www.econbiz.de/10011732702

The conduct of monetary policy in the future : instrument use

Inaba, Kei-Ichiro; O'Farrell, Rory; Rawdanowicz, Łukasz; … - 2015

due to new liquidity requirements. The transition to this situation will be lengthy and will require a mixture of … liquidity draining instruments. Alternatively, they could adopt a floor system, which may benefit financial stability. The use …

Persistent link: https://www.econbiz.de/10011392833

Monetary Developments and Expansionary Fiscal Consolidations : Evidence from the EMU

Afonso, António - 2014

This paper provides new insights about the existence of expansionary fiscal consolidations in the Economic and Monetary Union, using annual panel data for 14 European Union countries over the period 1970-2012. Different measures for assessing fiscal consolidations based on the changes in the...

Persistent link: https://www.econbiz.de/10013050643

Meeting fiscal challenges in Japan's rapidly ageing society

Jones, Randall Sidney; Seitani, Haruki - 2019

Japan’s gross government debt of 226% of GDP in 2018 is the highest ever recorded in the OECD area, and places the … infrastructure across jurisdictions and the development of compact cities in the context of depopulation in many parts of Japan … to ensure fiscal sustainability. This Working Paper relates to the 2019 OECD Economic Survey of Japan (http://www.oecd.org/economy/japan-economic-snapshot/) …

Persistent link: https://www.econbiz.de/10012111109

Restoring Japan's fiscal sustainability

Jones, Randall Sidney; Urasawa, Satoshi - 2013

With gross government debt surpassing 200% of GDP, Japan’s fiscal situation is in uncharted territory. In addition to … be improved to help reinforce confidence in Japan's fiscal position and prevent a run-up in interest rates. Higher … credit, to prevent a rise in inequality and poverty. This Working Paper relates to the 2013 OECD Economic Survey of Japan …

Persistent link: https://www.econbiz.de/10009767748

Fiscal prospects and reforms in India

Herd, Richard; Hill, Sam; Koen, Vincent - 2011

Persistent link: https://www.econbiz.de/10009689686

How effective are automatic fiscal stabilisers in the OECD countries?

Maravalle, Alessandro; Rawdanowicz, Łukasz - 2020

This paper proposes an approach to assess the extent of automatic fiscal stabilisation of aggregate household disposable income after a specific shock. The approach is based on the national account identity of household disposable income and elements of the OECD methodology to cyclically adjust...

Persistent link: https://www.econbiz.de/10012420959

Insolvency regimes and productivity growth : a framework for analysis

McGowan, Muge Adalet; Andrews, Dan - 2016

This paper develops an analytical framework to identify the policies relevant for firm exit and the channels through which they shape aggregate productivity growth. A range of potentially relevant policies are identified, spanning insolvency regimes, regulations affecting product, labour and...

Persistent link: https://www.econbiz.de/10011577810

Insolvency regimes, zombie firms and capital reallocation

McGowan, Muge Adalet; Andrews, Dan; Millot, Valentine - 2017

This paper explores cross-country differences in the design of insolvency regimes and their potential links with two inter-related sources of labour productivity weakness: the survival of “zombie” firms (firms that would typically exit in a competitive market) and capital misallocation. New...

Persistent link: https://www.econbiz.de/10011700546

Design of insolvency regimes across countries

McGowan, Muge Adalet; Andrews, Dan - 2018

This paper explores cross-country differences in the design of insolvency regimes, based on quantitative indicators constructed from countries’ responses to a recent OECD policy questionnaire. The indicators – which are available for 36 countries for 2010 and 2016 – aim to better capture...

Persistent link: https://www.econbiz.de/10011914641