We develop a new-Keynesian DSGE model with an extended fiscal policy block to assess the conditions for expansionary fiscal consolidations. In addition to several taxes, we consider public employment expenditures and government spending, which may have different degrees of productivity. We...

Expanding the deployment of renewable energy is a viable option for Latin American and Caribbean countries facing multiple interrelated energy challenges such as meeting needs for new electricity generation, high fossil fuel dependence and vulnerability to climate change. This report presents a...

This study describes the main actors (formal and informal) involved in the budget-making process in Ecuador, and presents evidence regarding the main political and economic determinants of fiscal performance. It also discusses whether different political and institutional arrangements governing...

During the Great Crisis, most governments in industrial countries supported their domestic financial sector under stress and responded to strong declines in output growth with fiscal stimulus packages. Starting in 2010, attention focused on the sustainability of the resulting debt burdens. We...

This presentation discusses the background of the survey/questionnaire on formal budget institutions, practices and procedures that was completed in 2003 by 45 countries. The results are in a searchable OECD web-based database by question and country. This presentation was commissioned by the...

This document gives an overview of organizational structure of the National Tax Agency (NTA) in Japan, which administers assessment and collection of all national taxes (except for customs duty, tonnage due and special tonnage due). It also discusses the assessment system and auditing functions...

This paper gives an overview and current status of foreign direct investment (FDI) in Latin America. It discusses the competition among the countries for FDI based on tax considerations and how this competition often contrasts the standards set in the World Trade Organization.

The main objective of the Joint Country Financial Accountability Assessment (CFAA) and the Country Procurement Assessment (CPAR) is to contribute to the implementation of Public Sector Modernization Vision and Strategy for 2002-2012 and its Medium Term Socio-Economic Policy Framework. It also...

While the role of nongovernmental organizations in environmental policy is growing rapidly, our analytical understanding of the causes and consequences of this emerging role has not kept pace. And yet our ability to define an appropriate relationship between these private sector organizations...

This document responds to that need, providing a discussion of the various approaches that can be followed in urban heritage preservation, as well as recommendations on those that are most appropriate given the circumstances of region.