How has policy responded since the crisis: with re-regulation or continued liberalisation?

This paper contributes to the empirical literature investigating reasons for the fall in real interest rates in advanced economies.

Argentina is making progress in its path to advance its growth agenda. The first OECD Multi-dimensional Economic Survey of Argentina underlines the achievements to date of the government’s recent and comprehensive programme of macroeconomic and structural reforms.

This paper presents the global income distribution between all individuals living in the developed world.

Despite improvements over the past few decades, Slovak health outcomes remains poor compared with most other OECD countries, even after controlling for differences in per capita income and other social, cultural and lifestyle factors.

Icelandic labour market is flexible with high labour market participation, low unemployment, and labour supply dynamically responds to the economic cycle.

After several years of subdued growth, economic output accelerated in 2016 supported by a tax reform that entered into force in 2015-16, and more recently a pick-up in international trade.

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.

Living standards in China have greatly improved over the past few decades. Both sustained economic growth and an expansion of the social security system have contributed to a sharp reduction in the number of people in poverty.

The Slovak Republic continues to exhibit robust economic performance. International competitiveness is strong, fiscal and financial policies are prudent, poverty and income inequality are low, and the country’s environmental footprint has improved markedly. Employment is rising, prices have been stable, and the external account is near balance.

Financial globalisation has given international capital flows a central role in the functioning of the global economy and has therefore led to considerable economic research over the past 30 years.

International trade plays an important role in the Estonian economy. Around a half of the private sector employment is sustained by foreign demand, twice as much as the OECD average.

The world economy has picked up momentum, as expanding investment, employment and trade support synchronised growth across most countries, according to the OECD’s latest Interim Economic Outlook.

Economic growth is strengthening in France, supported by consumption and investment, and the labour market is gradually recovering, as past reductions of comparatively high labour and business taxes are starting to take effect. However, GDP and employment growth are still lagging relative to the euro-area average.

Changing labour market demand and moving up the global value chain requires high-skilled workers.

With gross government debt of 219% of GDP in 2016, Japan’s fiscal situation is in uncharted territory and puts the economy at risk.

Luxembourg’s large foreign-born population is a pillar of the country’s prosperity: they have brought skills and knowledge to many sectors of the economy.

Technological change is increasing the productivity of highly skilled workers but creating more challenging labour-market conditions for their low-skilled counterparts.

While the Slovenian economy has been successful in bounding forward, it has taken hard falls in the past, and a lack of resilience means it has taken a long time to recover.

Ahead of the referendum on Brexit, the OECD was anticipating a significant decrease in economic growth if the decision to leave the EU were taken (Kierzenkowski et al., 2016). As the UK economy has started to slow down, OECD projections remain remarkably valid so far.

Austria’s transition to a digital economy and society is slower than in other high-income small open European economies.

Digitalisation is one of the megatrends affecting societies and labour markets, alongside demographic change and globalisation.

This paper explores the connection between “zombie” firms (firms that would typically exit in a competitive market) and bank health and the consequences for aggregate productivity in 11 European countries.

Estonia is highly integrated into the global trade system: it exports approximately 80% of GDP and around half of domestic employment is sustained by foreign demand.

Stronger integration in global value chains would speed up economic convergence to advanced OECD economies and raise living standards.

Iceland has high living standards, low poverty, high inclusiveness and one of the most sustainable pension systems.

OECD sees global economy strengthening, but says further policy action needed to catalyse the private sector for stronger and more inclusive growth

The paper describes the fiscal framework used in long-term economic scenarios, with some emphasis on revisions made since the 2013 vintage of the long-term model.

This paper estimates and quantifies the impact of structural reforms on per capita income for a large set of OECD and non-OECD countries.

This paper analyses how technological progress embodied in capital goods raises productivity and income, while at the same time it can modify the allocation of consumption, investment and the capital stock.

The mixed growth performance of emerging market economies has revived angst about a "middle-income trap".

The personal tax system has a large influence on incentives to work, save and invest and hence growth. At the same time it is a key policy lever for income redistribution.

The Norwegian economy is performing well, despite low oil prices. Further reforms will be needed to diversify the economy, improve public spending efficiency and ensure that today’s high levels of income, well-being and equality are passed on to future generations, according to a new report from the OECD.

Deepening regional integration within the Southern African Development Community (SADC) will raise potential growth for all member countries.

A favourable business environment is crucial to boosting Belgium’s productivity and inclusiveness and to sustain improvements in long-term economic prosperity.

Can reforms that shift the balance among different taxes in the revenue mix lastingly influence the overall prosperity of an economy and the distribution of income across households?

France’s health-care system offers high-quality care. Average health outcomes are good, public satisfaction with the health-care system is high, and average household out-of-pocket expenditures are low.

The United Kingdom displays large regional disparities in productivity compared to most other OECD countries, with a large gap between London and most other regions.

More than a quarter of adults in the United Kingdom have low basic skills, which has a negative impact on career prospects, job quality and productivity growth.

In Santiago, he will present the 2018 OECD Economic Survey of Chile, alongside Mr. Nicolás Eyzaguirre Guzmán, Minister of Finance of Chile.

In Brasilia, he will present the 2018 OECD Economic Survey of Brazil, alongside Mr. Ilan Goldfajn, Central Bank Governor, Mr. Henrique Meirelles, Minister of Finance, and Mr. Dyogo Oliveira, Minister of Planning of Brazil.

Brazil is emerging from its long recession and is headed for solid growth in 2018 and 2019 as recent structural reforms start to bear fruit. Sustaining this recovery, unleashing Brazil’s full economic potential and spreading the benefits fairly will require additional efforts to rein in public spending, increase trade and investment, and further focus social spending on those most in need, according to a new OECD report.

Growth is projected to reach 1.5% in 2018 after many years below one percent or negative in per capita terms. Low growth and high unemployment have adversely affected the well-being of South Africans. Since 2010, inequality, measured by the Gini coefficient at 0.62, has almost stagnated withering the social contract in a context of policy mistrust.

Chile has been one of the fastest-growing economies in the OECD in recent decades. Sound macroeconomic management, bold structural reforms, such as trade and investment liberalisation, and buoyant natural-resource sectors, supported fast convergence in living standards.However, progress has slowed: declining productivity gains are limiting prospects for rising incomes and better-quality jobs; and inequality remains stubbornly high.

Governments must implement comprehensive structural reform programmes to sustain stronger, greener and more inclusive growth that will extend beyond the current cyclical upswing, according to the OECD’s annual Going for Growth report.

Today’s excellent outlook offers Israel a unique opportunity to prepare for the challenges of the future which require stronger social cohesion. Israeli society is indeed marked by large inequalities.

The Irish economy is booming and is expected to continue expanding at healthy rates over the next few years.

Inequality and relative poverty in Israel remain high, particularly among Arab-Israelis and Haredim (Ultra-Orthodox).x

In 2016 the Polish government introduced a large new child benefit, called “Family 500+”, with the aim to increase fertility from a low level and reduce child poverty. The benefit is universal for the second and every further child and means-tested for the first child. It more than doubles fiscal support for families, making Poland one of the top spenders in the EU concerning cash transfers for families.

Rapid technological change – from digitalisation to artificial intelligence, 3D printing and nanomaterials – is transforming the way goods and services are produced and consumed. It will have profound implications for the dynamics of productivity, jobs, investment and trade over the next 10 to 15 years.