Outlook Overview: OECD Countries UN LINK Conference, Bangkok October, 2009
|
|
|
- Nelson Wilkins
- 5 years ago
- Views:
Transcription
1 Outlook Overview: OECD Countries UN LINK Conference, Bangkok October, 2009 Dave Turner OECD, Economics Department
2 OECD Outlook: Outline 1. Recovery underway but will probably be slow 2. Risks and uncertainties on both sides, more worries on downside 3. Exit strategies very difficult, scope for policy errors
3 Corporate bond spreads have come down Note: Spreads between corporate bond and government bond yields. High-yield bonds are Merrill Lynch indices; corporate BBB rated bonds (Merrill Lynch) based on average yields for 5-7 years and for 7-10 years; corporate AAA rated bonds are Merrill Lynch for USA, IBOXX for euro area. Source: Datastream.
4 6 4 Financial conditions indices have recovered United States Euro area Japan United Kingdom A unit decline in the index implies a tightening sufficient to produce a reduction in the level of GDP by 1% after 4-6 quarters.
5 World trade volume has stabilised (Index, 2000 = 100) Source: OECD Secretariat.
6 The recovery is underway in most BRIC countries (Industrial production, Index, 2007 = 100, three month averages) Source: Datastream. OECD, Main Economic Indicator database.
7 The inventory cycle is turning
8 A slow recovery is foreseen Growth is likely to strengthen only very gradually, output gap largest this year, closing only slowly due to: headwinds from balance sheet adjustment fading effects from inventories and fiscal stimulus (which will turn to consolidation) gradual normalisation of financial conditions Unemployment is likely to continue rising: for a little while in the US where labour shedding has been rapid for much longer (possibly to end 2010/early 2011) in the euro area where working time has so far cushioned employment Inflation is set to be low: underlying inflation could fall further only a few countries would see negative inflation
9 Repairs to household balance sheets and high unemployment suggest saving may remain high (Percent of disposable income) Source: OECD Secretariat.
10 Business investment as has fallen sharply (% GDP) % Average trough since q2 Most recent peak Average % AUS NOR ESP SWE KOR FIN NZL NLD USA DEU ITA GRC BEL FRA CAN AUT DNK OECD JPN ISL GBR IRL 5 Countries ranked according to difference between position in 2009Q2 and the average of previous troughs. 10
11 Oil prices have rebounded Source: Datastream. OECD, Main Economic Indicator database.
12 Source: OECD Secretariat. Headline fiscal deficits have surged
13 Sovereign bond spreads in the euro area still high relative to pre crisis level Spread with German yield 3.0 July 07 March 09 May 09 September GRC IRL PRT ITA AUT BEL ESP FIN DNK NLD FRA 0.0
14 Exit strategies are difficult Fiscal: When to withdraw stimulus and when to start consolidation? Need for credible medium term consolidation plans. Monetary: given low inflation most OECD countries wait before normalising policy rates. Financial: Maintain pressure on banks to write down problem assets. Credit easing measures tapered off with clear road map... Structural policy: Crisis measures (car industry, short time working schemes) need to be scaled back as recovery progresses. Measures to support job search to avoid hysteresis. Renewed drive to implement structural reforms could help fiscal consolidation.
15 Outlook Overview: OECD Countries UN LINK Conference, Bangkok October, 2009 Dave Turner OECD, Economics Department
16 Policy rates have remained at low levels (Percent) Source: US Federal Reserve, Bank of Japan, European Central Bank.
17 Central bank balance sheets have expanded strongly in the United States and the euro area Source: US Federal Reserve, Bank of Japan, European Central Bank.
18 Governments have introduced a wide range of measures Increase deposit insurance Bank liabilities Guarantee or buy bank debt Inject Nationalise 2 Ring-fence capital 1 bad assets Bank assets Plan to purchase toxic assets Fund commercial paper Fund assetbacked securities Ban or restrict shortselling United States x x x x x x x x x Japan x x x x x Euro area x Germany x x x x x France already high x x x Italy x x x United Kingdom x x x x x x x x Canada x x x x Australia x x x x Austria x x x x Belgium x x x x Czech Republic x Denmark x x x x x Finland x x x x x Greece x x x Hungary x x x Iceland x x x x Ireland x x x x x Korea x x Luxembourg x x x Netherlands x x x x x New Zealand x x Norway already high x x Slovak Republic x Poland x x Portugal x x x Sweden x x x x Spain x x x x Mexico x Switzerland x x x x x Turkey Source: OECD Secretariat.
Income support for older persons in the Republic of Korea : a perspective of older persons
ESCAP Regional Consultation Incheon, Republic of Korea Income support for older persons in the Republic of Korea : a perspective of older persons Soo-Wan Kim (Kangnam University) 1 I. Introduction This
Earnings related schemes: Design, options and experience. Edward Whitehouse
Earnings related schemes: Design, options and experience Edward Whitehouse Retirement-income systems: goal Primary objective ensuring older people have a decent standard of living in retirement Two interpretations
Revenue Statistics Tax revenue trends in the OECD
Revenue Statistics 2017 Tax revenue trends in the OECD OECD 2017 The OECD freely authorises the use of this material for non-commercial purposes, provided that suitable acknowledgment of the source and
THE TAX SYSTEM IN BELGIUM COMPARED TO OTHER OECD COUNTRIES
THE TAX SYSTEM IN BELGIUM COMPARED TO OTHER OECD COUNTRIES TOWARDS A WELL-BALANCED FUNDAMENTAL TAX REFORM IN BELGIUM Bert Brys, Ph.D. 14 October 2013 Senior Tax Economist Centre for Tax Policy and Administration
HOUSING MARKETS, BUSINESS CYCLES AND ECONOMIC POLICIES
HOUSING MARKETS, BUSINESS CYCLES AND ECONOMIC POLICIES Austrian National Bank Workshop - Housing Market Challenges in Europe and the US - any solutions available? September 29, 2008 - Vienna Christophe
Slovak Competitiveness: Fundamentals, Indicators and Challenges
Copyright rests with the author Slovak Competitiveness: Fundamentals, Indicators and Challenges Presentation by Mark De Broeck European Department, IMF Seminar Organized by the European Commission November
COVERAGE OF PRIVATE PENSION SYSTEMS AND MAIN TRENDS IN THE PENSIONS INDUSTRY IN THE OECD
COVERAGE OF PRIVATE PENSION SYSTEMS AND MAIN TRENDS IN THE PENSIONS INDUSTRY IN THE OECD Fafo Pension Forum Oslo, 16 November 2012 Stéphanie Payet OECD Financial Affairs Division Structure of the Presentation
The Challenge of Public Pension Reform in Advanced and Emerging Economies
The Challenge of Public Pension Reform in Advanced and Emerging Economies Mauricio Soto Fiscal Affairs Department International Monetary Fund January 212 The views expressed herein are those of the author
Capital Access Index 2006 Gauging Entrepreneurial Access to Capital
Capital Access Index 2006 Gauging Entrepreneurial Access to Capital Max = 10 9.0 Hong Kong 8.5 8.0 7.5 7.0 6.5 6.0 5.5 5.0 4.5 40 Source: Milken Institute United Kingdom U.S. India China Brazil Russia
Can employment be increased only at the cost of more inequality?
Can employment be increased only at the cost of more inequality? Engines for More and Better Jobs in Europe ZEW Conference, Mannheim April 2013 Torben M Andersen Aarhus University Policy questions How
High Debt, Slow Growth, Financial Instability, Growing Inequality: What Role for Economic Policy?
High Debt, Slow Growth, Financial Instability, Growing Inequality: What Role for Economic Policy? Paul van den Noord Counsellor to the Chief Economist, OECD 1 Central projection growth, annualised, in
Corrigendum. Page 41, Table 1.A1.1. Details of pension reforms, September 2013-September 2015 : Columns on Portugal should read as follows:
Pensions at a Glance: OECD and G Indicators DOI: http://dx.doi.org/.787/pension_glance-5-en ISBN 9789644636 (print) ISBN 97896444443 (PDF) OECD 5 Corrigendum Page 4, Table.A.. Details of pension reforms,
The Challenge of Public Pension Reform
The Challenge of Public Pension Reform Baoping Shang Fiscal Affairs Department International Monetary Fund May 4, 212 This presentation represents the views of the author and should not be attributed to
axia Axia Economics Civil-service pension schemes Edward Whitehouse Civil-Service World Bank core course Washington DC, April 2016
Public Disclosure Authorized Civil-Service Civil-service pension schemes Public Disclosure Authorized Edward Whitehouse Public Disclosure Authorized World Bank core course Washington DC, April 2016 axia
education (captured by the school leaving age), household income (measured on a ten-point
A Web-Appendix A.1 Information on data sources Individual level responses on benefit morale, tax morale, age, sex, marital status, children, education (captured by the school leaving age), household income
TAX REFORM TRENDS IN OECD COUNTRIES
TAX REFORM TRENDS IN OECD COUNTRIES INTRODUCTION Over the last two decades almost all OECD countries have made major structural changes to their tax systems. In the case of the personal and corporate income
From Here to Eternity: The Outlook for Fiscal Adjustment in Advanced Economies. Carlo Cottarelli Director, Fiscal Affairs Department
From Here to Eternity: The Outlook for Fiscal Adjustment in Advanced Economies Carlo Cottarelli Director, Fiscal Affairs Department Peterson Institute May 2, 213 1 Main Questions How bad is the fiscal
PENSIONS IN OECD COUNTRIES: INDICATORS AND DEVELOPMENTS
PENSIONS IN OECD COUNTRIES: INDICATORS AND DEVELOPMENTS Marius Lüske Directorate for Employment, Labour and Social Affairs, OECD Lisbon, 28.09.2018 Marius.LUSKE@oecd.org www.oecd.org/els OUTLINE Talk based
Primary Health Care Needs-Based Resource Allocation through Financing of Health Regions
Primary Health Care Needs-Based Resource Allocation through Financing of Health Regions 26th PCSI Conference 17 th September 2010 A Lourenço, A Bicó, S Olim, M Reis, A Ferreira www.acss.min-saude.pt Ref::ACSS\GGV\AOE
Entrepreneurship at a Glance 2018 Highlights
Entrepreneurship at a Glance 218 Highlights OECD Entrepreneurship at a Glance Highlights 218 SDD 1 October 218 List of figures ENTREPRENEURSHIP AND BUSINESS STATISTICS DATABASES 218 UPDATE 2 1. New enterprise
What is the economic outlook for OECD countries?
The outlook What is the economic outlook for OECD countries? Paul van den Noord Counselor to the Chief Economist The outlook Real GDP growth, in per cent.....9. -..9 Japan. -... Total OECD.... Brazil....
Private pensions. A growing role. Who has a private pension?
Private pensions A growing role Private pensions play an important and growing role in providing for old age in OECD countries. In 11 of them Australia, Denmark, Hungary, Iceland, Mexico, Norway, Poland,
Nero Meeting: Alain de Serres OECD Economics Department. 21 June 2013
Nero Meeting: The structural reform agenda to boost longterm growth and its side-effects on nearterm activity and other objectives Alain de Serres OECD Economics Department 21 June 2013 Benchmarking exercise
FDI drops 18% in 2017 as corporate restructurings decline
FDI IN FIGURES April 2018 FDI drops 18% in 2017 as corporate restructurings decline Global FDI flows decreased by 18% to USD 1 411 billion in 2017 compared to 2016. In the fourth quarter of 2017, FDI flows
MINIMUM WAGES ACROSS OECD COUNTRIES: BACK TO THE FUTURE?
Paris, 20 October 2017 MINIMUM WAGES ACROSS OECD COUNTRIES: BACK TO THE FUTURE? Andrea Garnero Economist Employment, Labour and Social Affairs OECD A widespread (but heterogenous) wage setting institution
LA SOSTENIBILITÀ E L ADEGUATEZZA DEI SISTEMI PENSIONISTICI NEI PAESI OCSE
LA SOSTENIBILITÀ E L ADEGUATEZZA DEI SISTEMI PENSIONISTICI NEI PAESI OCSE Anna Cristina D ADDIO Social Policy Division, OECD http://www.oecd.org/els/social/pensions CONFERENZA FINALE del progetto IESS
Waiting for the Recovery: OECD Labour Markets in the Wake of the Crisis
OECD Employment Outlook 212 OECD 212 Chapter 1 Waiting for the Recovery: OECD Labour Markets in the Wake of the Crisis The economic recovery has been weak or uneven and some countries have fallen back
Corrigendum. OECD Pensions Outlook 2012 DOI: ISBN (print) ISBN (PDF) OECD 2012
OECD Pensions Outlook 2012 DOI: http://dx.doi.org/9789264169401-en ISBN 978-92-64-16939-5 (print) ISBN 978-92-64-16940-1 (PDF) OECD 2012 Corrigendum Page 21: Figure 1.1. Average annual real net investment
RESILIENCE IN A TIME OF HIGH DEBT
RESILIENCE IN A TIME OF HIGH DEBT PRE-RELEASE OF THE SPECIAL CHAPTER OF THE OECD ECONOMIC OUTLOOK (To Be Released on 28th November at 11.00am CET) Paris, 23th November 2017 www.oecd.org/economy/economicoutlook.htm
Extract from Divided We Stand: Why Inequality Keeps Rising
Extract from Divided We Stand: Why Inequality Keeps Rising (2011) James J. Heckman University of Chicago AEA Continuing Education Program ASSA Course: Microeconomics of Life Course Inequality San Francisco,
Alternative measures of well-being
Alternative measures of well-being Marco Mira d Ercole marco.mira@oecd.org OECD Social Policy Division www.oecd.org/els/social Joint work of the OECD Economics Department, the OECD Employment, Labour and
London School of Hygiene and Tropical Medicine. Affording Our Future Conference Wellington, December, 2012
How and why has health system spending grown and how does the system need to adapt to remain sustainable in the face of long term health conditions? Nicholas Mays London School of Hygiene and Tropical
17 January 2019 Japan Laurence Boone OECD Chief Economist
Fiscal challenges and inclusive growth in ageing societies 17 January 219 Japan Laurence Boone OECD Chief Economist G2 populations are ageing rapidly Expected life expectancy at age 65 198 215 26 Japan
Growth has peaked amidst escalating risks
OECD ECONOMIC OUTLOOK Growth has peaked amidst escalating risks 1 November 18 Ángel Gurría OECD Secretary-General Laurence Boone OECD Chief Economist http://www.oecd.org/eco/outlook/economic-outlook/ ECOSCOPE
Growth in OECD Unit Labour Costs slows to 0.4% in the third quarter of 2016
Growth in OECD Unit Labour Costs slows to.4% in the third quarter of 26 Growth in unit labour costs (ULCs) in the OECD area slowed to.4% in the third quarter of 26 (compared with.6% in the previous quarter)
Plan: Reform Strategy - Bermuda Experience. Caribbean Conference on Health lhfinancing Initiatives
National Health Plan: Evidence & Reform Strategy - Bermuda Experience Caribbean Conference on Health lhfinancing i Initiatives J Attride-Stirling, PhD Chief Executive Officer 23 rd November 2011 Overview
Pensions at a Glance: Europe and Central Asia
Pensions at a Glance: Europe and Central Asia Edward Whitehouse Head of Pension-Policy Analysis Social Policy division OECD European Commission/ World Bank conference Reforming Pension Systems in Europe
Statistical annex. Sources and definitions
Statistical annex Sources and definitions Most of the statistics shown in these tables can be found as well in several other (paper or electronic) publications or references, as follows: the annual edition
OECD long-term projections for the global economy. David Turner, OECD
OECD long-term projections for the global economy David Turner, OECD CMTEA Workshop, 1 st Feb 2013 Overview of long-term model Coverage: OECD & non-oecd G20 countries to 2060 Potential output projections
Public Pension Spending Trends and Outlook in Emerging Europe. Benedict Clements Fiscal Affairs Department International Monetary Fund March 2013
Public Pension Spending Trends and Outlook in Emerging Europe Benedict Clements Fiscal Affairs Department International Monetary Fund March 13 Plan of Presentation I. Trends and drivers of public pension
What is the global economic outlook?
The outlook What is the global economic outlook? Paul van den Noord Counselor to the Chief Economist The outlook Real GDP growth, in per cent United States.... Euro area. -. -.. Japan -.... Total OECD....
8-Jun-06 Personal Income Top Marginal Tax Rate,
8-Jun-06 Personal Income Top Marginal Tax Rate, 1975-2005 2005 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 Australia 47% 47% 47% 47% 47% 47% 47% 47% 47% 47% 47% 48% 49% 49% Austria
HOW MUCH REDISTRIBUTION DO WELFARE STATES ACHIEVE? THE ROLE OF CASH TRANSFERS AND HOUSEHOLD TAXES
David Paul Carr Mediakoo HOW MUCH REDISTRIBUTION DO WELFARE STATES ACHIEVE? THE ROLE OF CASH TRANSFERS AND HOUSEHOLD TAXES MICHAEL FÖRSTER* AND PETER WHITEFORD** Introduction Government policies in all
Sources of Government Revenue in the OECD, 2016
FISCAL FACT No. 517 July, 2016 Sources of Government Revenue in the OECD, 2016 By Kyle Pomerleau Director of Federal Projects Kevin Adams Research Assistant Key Findings OECD countries rely heavily on
Fiscal fragility: what the past may say about the future. Joshua Aizenman and Gurnain Kaur Pasricha 1. Abstract
November, 2010 Fiscal fragility: what the past may say about the future Joshua Aizenman and Gurnain Kaur Pasricha 1 Abstract The end of the great moderation has profound implications on the assessment
ECONOMIC POLICY CHALLENGES FOR DENMARK FROM AN INTERNATIONAL PERSPECTIVE
ECONOMIC POLICY CHALLENGES FOR DENMARK FROM AN INTERNATIONAL PERSPECTIVE Ludger Schuknecht OECD Deputy Secretary General Danish Economic Society Copenhagen 15 January, 219 http://www.oecd.org/eco/surveys/economic-survey-denmark.htm
Stronger growth, but risks loom large
OECD ECONOMIC OUTLOOK Stronger growth, but risks loom large Ángel Gurría OECD Secretary-General Álvaro S. Pereira OECD Chief Economist ad interim Paris, 3 May Global growth will be around 4% Investment
WORKING PAPERS. Global Trends of Multi-Factor Productivity. Jeong Yeon Lee. Economics Series. No. 136, March 2014
WORKING PAPERS E A S T- W E S T C E N T E R WOR K I N G PAP E R S Economics Series No. 136, March 2014 Global Trends of Multi-Factor Productivity Jeong Yeon Lee E A S T- W E S T C E N T E R WOR K I N G
MMGPI 2016 Outcomes. Dr David Knox Senior Partner, Mercer
Editions 2016 Top 3 Rankings MMGPI 2016 Outcomes Dr David Knox Senior Partner, Mercer Every retirement system is different! Insurance Private Public Pensions DC Indexation Assets RETIREMENT INCOME SYSTEMS
Low employment among the 50+ population in Hungary
Low employment among the + population in Hungary The role of incentives, health and cognitive capacities Janos Divenyi (Central European University) and Gabor Kezdi (Central European University and IE-CRSHAS)
NATIONAL COMMUNICATIONS FROM PARTIES INCLUDED IN ANNEX I TO THE CONVENTION
UNITED NATIONS Distr. GENERAL FCCC/SBI/2002/3 3 April 2002 Original: ENGLISH SUBSIDIARY BODY FOR IMPLEMENTATION Sixteenth session Bonn, 10 14 June 2002 Item 3 (a) of the provisional agenda NATIONAL COMMUNICATIONS
Structural Policy Priorities
ISBN 92-64-00836-5 Economic Policy Reforms OECD 2005 Chapter 1 Structural Policy Priorities Over the past decade, the gap in GDP per capita relative to the United States has widened in a number of countries,
Statistical Annex ANNEX
ISBN 92-64-02384-4 OECD Employment Outlook Boosting Jobs and Incomes OECD 2006 ANNEX Statistical Annex Sources and definitions Most of the statistics shown in these tables can be found as well in three
Pension Fund Investment and Regulation - An International Perspective and Implications for China s Pension System
Pension Fund Investment and Regulation - An International Perspective and Implications for China s Pension System Yu-Wei Hu, Fiona Stewart and Juan Yermo Financial Affairs Division OECD, Paris OECD/IOPS
Pensions Incentives to Retire
Pensions at a Glance 2011 Retirement-income Systems in OECD and G20 Countries OECD 2011 I PART I Chapter 3 Pensions Incentives to Retire Individuals decisions about work and retirement depend on the financial
Development Assistance for HealTH
Chapter : Development Assistance for HealTH The foremost goal of this research is to estimate the total volume of health assistance from 199 to 7. In this chapter, we present our estimates of total health
Ageing and employment policies: Ireland
Ageing and employment policies: Ireland John Martin 1 Director for Employment, Labour and Social Affairs, OECD FÁS Annual Labour Market Conference, Dublin, 5 December 2005 OECD has carried out a major
The Norwegian Economy
The Norwegian Economy NORINT0500 - Norwegian Life and Society Spring 2018 Hilde Karoline Midsem 19.03.2018 Outline of today s lecture 1. Some facts 2. Production, trade and the history of oil 3. The labor
Statistics Brief. Investment in Inland Transport Infrastructure at Record Low. Infrastructure Investment. July
Statistics Brief Infrastructure Investment July 2015 Investment in Inland Transport Infrastructure at Record Low The latest update of annual transport infrastructure investment and maintenance data collected
REVERSE MORTGAGES: A TOOL TO IMPROVE LIVING STANDARDS OF THE ELDERLY? A EUROPEAN PERSPECTIVE
REVERSE MORTGAGES: A TOOL TO IMPROVE LIVING STANDARDS OF THE ELDERLY? A EUROPEAN PERSPECTIVE Anna Cristina D ADDIO (OECD, Social Policy Division) http://www.oecd.org/els/public-pensions/ ICPM-CRR Discussion
The Economic Contribution of Older Workers
Organisation for Economic Co-operation and Development The Economic Contribution of Older Workers Mark Keese Employment, Labour and Social Affairs, OECD CARDI seminar on Living Longer Working Longer in
Cyclical Convergence and Divergence in the Euro Area
Cyclical Convergence and Divergence in the Euro Area Presentation by Val Koromzay, Director for Country Studies, OECD to the Brussels Forum, April 2004 1 1 I. Introduction: Why is the issue important?
Approach to Employment Injury (EI) compensation benefits in the EU and OECD
Approach to (EI) compensation benefits in the EU and OECD The benefits of protection can be divided in three main groups. The cash benefits include disability pensions, survivor's pensions and other short-
G20 Finance and Central Bank Deputies Meeting February February, Structural Reform in a Crisis Environment.
G20 Finance and Central Bank Deputies Meeting February 24-25 February, 2012 Structural Reform in a Crisis Environment Note by the OECD Structural reform is an essential ingredient to achieve sustainable
THE ECONOMY AND CAPITAL MARKETS
THE ECONOMY AND CAPITAL MARKETS Clément Gignac Sr VP & Chief economist ia Financial Group September 2017 Disclaimer Opinions expressed in this presentation are based on actual market conditions and may
Why is Japan s inward FDI so low?
Why is Japan s inward FDI so low? Jun Saito, Senior Research Fellow Japan Center for Economic Research August 8, 2017 Japan s low level of inward foreign direct investment stock In May, it was reported
CANADA S LABOUR MARKET PRE- AND POST-CRISIS
CANADA S LABOUR MARKET PRE- AND POST-CRISIS WILLIAM ROBSON PRESIDENT AND CEO, C.D. HOWE INSTITUTE PRESENTATION TO THE NERO MEETING AT THE OECD 20 JUNE 2011 CANADA S LABOUR MARKET HIGHLIGHTS Decent Top-Level
Pension Markets. Pension fund assets hit record USD 20.1 trillion in 2011 but investment performance weakens IN THIS ISSUE. September 2012, Issue 9
Pension Markets September 2012, Issue 9 IN THIS ISSUE PERFORMANCE OF PENSION FUNDS INVESTMENT RATE OF RETURN PAGE 2 PENSION FUND WEALTH PAGE 3 INDUSTRY STRUCTURE PAGE 5 TRENDS IN PENSION FUND ASSETS PAGE
GLOBAL ECONOMY AND IMPLICATIONS FOR ISRAEL
GLOBAL ECONOMY AND IMPLICATIONS FOR ISRAEL Aaron Institute for Economic Policy Annual Conference May 4, 217 Craig Beaumont, European Department, IMF Outline World economic outlook (WEO) Broader trends
What is the economic outlook for OECD countries?
What is the economic outlook for OECD countries? An interim assessment Paris, 3 rd September 2009 11h00 Paris time Jørgen Elmeskov Acting Head of Economics Department Corporate bond spreads have come down
WORKING PAPERS. Sustaining Employment of Older Workers in an Ageing Society. Gudrun Biffl, Joseph E. Isaac
ÖSTERREICHISCHES INSTITUT FÜR WIRTSCHAFTSFORSCHUNG WORKING PAPERS Sustaining Employment of Older Workers in an Ageing Society Gudrun Biffl, Joseph E. Isaac 256/2005 Sustaining Employment of Older Workers
Outline of Presentation. I. Trends in Revenue Mobilization. II. Measuring Tax Gap. III. IMF s Approach RA-GAP
Outline of Presentation I. Trends in Revenue Mobilization II. Measuring Tax Gap III. IMF s Approach RA-GAP 2 TRENDS IN REVENUE MOBILIZATION 3 I. Trends in Revenue Mobilization VAT revenues CIT Revenues
2016 External Sector Report
216 External Sector Report Global Imbalances and Policy Challenges September, 216 o Evolution of Global Current Accounts and Exchange Rates Widening and reconfiguration of imbalances in 215 Drivers: Asymmetric
THE BENEFITS OF EXPANDING THE ROLE OF WOMEN AND YOUTH IN ECONOMIC ACTIVITIES
G7 International Forum for Empowering Women and Youth in the Agriculture and Food Systems THE BENEFITS OF EXPANDING THE ROLE OF WOMEN AND YOUTH IN ECONOMIC ACTIVITIES Randall S. Jones Head, Japan/Korea
Sources of Government Revenue in the OECD, 2017
FISCAL FACT No. 558 Aug. 2017 Sources of Government Revenue in the OECD, 2017 Amir El-Sibaie Analyst Key Findings: OECD countries rely heavily on consumption taxes, such as the value-added tax, and social
Switzerland and Germany top the PwC Young Workers Index in developing younger people
Press release Date 9 November 2015 Contact Mihnea Anastasiu Pages 5 Media Relations Manager Tel: +40 21 225 3546 Email: mihnea.anastasiu@ro.pwc.com Switzerland and Germany top the PwC Young Workers Index
Sources of Government Revenue in the OECD, 2018
FISCAL FACT No. 581 Mar. 2018 Sources of Government Revenue in the OECD, 2018 Amir El-Sibaie Analyst Key Findings In 2015, OECD countries relied heavily on consumption taxes, such as the value-added tax,
EFFICIENCY OF EDUCATION EXPENDITURE IN OECD COUNTRIES
EFFICIENCY OF EDUCATION EXPENDITURE IN OECD COUNTRIES MIROSLAV HUŽVÁR, ZUZANA RIGOVÁ Matej Bel University in Banská Bystrica, Faculty of Economics, Department of Quantitative Methods and Information Systems,
OECD Health Policy Unit. 10 June, 2001
The State of Implementation of the OECD Manual: A System of Health Accounts (SHA) in OECD Member Countries, 2001 OECD Health Policy Unit 10 June, 2001 TABLE OF CONTENTS Summary...3 Introduction...4 Background
Overview of the political economic and financial situation in Italy
FEBAF Paris Europlace Italian French dialogue on financial services Paris, 3 september 215 Overview of the political economic and financial situation in Italy Franco Bassanini 1 - 3 Italy finally out of
Europe in the World Economy: Economic Recovery and Europe 2020
Europe in the World Economy: Economic Recovery and Europe 2020 Rafael Doménech Economic recovery and Europe 2020: Towards smart, sustainable and inclusive growth Wilton Park, October 24, 2012 Main messages
Structural perspectives on European employment, productivity and growth in a global context Sintra, Portugal, 23 May 2015
Structural perspectives on European employment, productivity and growth in a global context Sintra, Portugal, 23 May 2015 Catherine L. Mann OECD Chief Economist Key messages Prolonged weak demand has left
OECD ECONOMIC OUTLOOK Moving forward in difficult times. 3 rd December Mauro Pisu OECD Senior Economist
OECD ECONOMIC OUTLOOK Moving forward in difficult times 3 rd December 2015 Mauro Pisu OECD Senior Economist Key issues Global trade weakness Harbinger of further slowing of global GDP growth? China s role
FEDERAL BUDGET RECOMMENDATIONS
2014-15 FEDERAL BUDGET RECOMMENDATIONS PRESENTED TO THE HOUSE OF COMMONS STANDING COMMITTEE ON FINANCE BY: JAYSON MYERS PRESIDENT & CEO CANADIAN MANUFACTURERS & EXPORTERS August 2014 Executive Summary
HEALTH LABOUR MARKET TRENDS IN OECD COUNTRIES
HEALTH LABOUR MARKET TRENDS IN OECD COUNTRIES Michael Schoenstein, OECD Health Division 3 rd Global Health Workforce Alliance Forum Recife, 11 November 2013 Main health labour market issues in OECD countries
OECD HEALTH SYSTEM CHARACTERISTICS SURVEY 2012
OECD HEALTH SYSTEM CHARACTERISTICS SURVEY 2012 Emily Hewlett OECD Health Data National Correspondents and Health Accounts Experts Meeting, 17 th October 2013 Health System Characteristics Survey 2012 HSC
Burden of Taxation: International Comparisons
Burden of Taxation: International Comparisons Standard Note: SN/EP/3235 Last updated: 15 October 2008 Author: Bryn Morgan Economic Policy & Statistics Section This note presents data comparing the national
OECD Report Shows Tax Burdens Falling in Many OECD Countries
OECD Centres Germany Berlin (49-30) 288 8353 Japan Tokyo (81-3) 5532-0021 Mexico Mexico (52-55) 5281 3810 United States Washington (1-202) 785 6323 AUSTRALIA AUSTRIA BELGIUM CANADA CZECH REPUBLIC DENMARK
An International Perspective on Tax Reform in OECD countries
An International Perspective on Tax Reform in OECD countries by Jeffrey Owens Director OECD s Centre for Tax Policy & Administration 2, rue André-Pascal 75775 Paris Cedex 16, France Tel: +33 (0) 1 45 24
What is the economic outlook for OECD countries? An interim assessment
What is the economic outlook for OECD countries? An interim assessment Paris, 3 rd September 2009 11h00 Paris time Jorgen Elmeskov Acting Head of Economics Department www.oecd.org/oecdeconomicoutlook 1.
From GDP to average household income: A look at the transmission channels
Economic Policy Reforms 1 Going for Growth Interim Report OECD 1 Chapter 3 From GDP to average household income: A look at the transmission channels This chapter reviews the association between GDP and
Statistics Brief. Inland transport infrastructure investment on the rise. Infrastructure Investment. August
Statistics Brief Infrastructure Investment August 2017 Inland transport infrastructure investment on the rise After nearly five years of a downward trend in inland transport infrastructure spending, 2015
Sources of Government Revenue in the OECD, 2014
FISCAL FACT Nov. 2014 No. 443 Sources of Government Revenue in the OECD, 2014 By Kyle Pomerleau Economist Key Findings OECD countries rely heavily on consumption taxes, such as the value added tax, and
Promoting Industrialisation in SADC through Quality Infrastructure SADC Industrialisation Week 2017
Promoting Industrialisation in SADC through Quality Infrastructure SADC Industrialisation Week 2017 Iza Lejárraga, Head of Investment Policy Linkages Unit Directorate for Financial and Enterprise Affairs
Diversification through trade
Diversification through trade by Francesco Caselli, Miklos Koren, Milan Lisicky and Silvana Tenreyro Discussion by: Fabrizio Perri University of Minnesota and Minneapolis FED ESSIM, May 2009 The general
TAX POLICY CENTER BRIEFING BOOK. Background. Q. What are the sources of revenue for the federal government?
What are the sources of revenue for the federal government? FEDERAL BUDGET 1/4 Q. What are the sources of revenue for the federal government? A. About 48 percent of federal revenue comes from individual
PROGRESSIVITY IN TAX DESIGN. Michael Keen International Monetary Fund
PROGRESSIVITY IN TAX DESIGN Michael Keen International Monetary Fund The 5th IMF-Japan High-Level Tax Conference for Asian Countries Tokyo, April 21, 2014 CONTEXT Inequality has been increasing 0.55 0.5
The Global Economic Outlook: Stronger growth ahead, but more risks Paris, 19th November h00 Paris time
The Global Economic Outlook: Stronger growth ahead, but more risks Paris, 19th November 2013 11h00 Paris time Pier Carlo Padoan Deputy Secretary-General and Chief Economist OECD Economic Outlook: key messages
IMPROVING TAX COMPLIANCE. 6th IMF-Japan High-Level Tax Conference For Asian Countries Tokyo; April 7, 2015
IMPROVING TAX COMPLIANCE 6th IMF-Japan High-Level Tax Conference For Asian Countries Tokyo; April 7, 2015 Outline Measurement and trends Some key methods and issues Managing compliance Supporting compliance
ECONOMIC OUTLOOK No.80
ECONOMIC OUTLOOK No.8 Press Conference Paris, 8th November h Jean-Philippe Cotis Chief Economist For a video link to the press conference and related material : www.oecd.org/oecdeconomicoutlook Summary