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What we've learned–and have still to learn–from the financial crisis*

Financial crises do more than impose huge costs: they have bigger and more insidious effects. We face big challenges in maintaining the supply of global public goods as the world integrates. But these challenges will not be managed successfully if we do not first overcome the legacy of the crisis.




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Fiscal decentralisation in Colombia: new evidence regarding sustainability, risk sharing and "fiscal fatigue"

Colombia has engaged in a sustained process of fiscal decentralisation over the past decades. Evidence is presented that the current framework is conducive to fiscal sustainability, especially after the reforms in the late 1990s and early 2000s.




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Reforming the tax on immovable property: taking care of the unloved

The tax on immovable property recently started to regain its former significance, but the tax yield still remains low, with slightly more than 1% of GDP and wide variation across countries.




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Reforming the Slovak public sector

Improving public sector efficiency can help to meet two conflicting objectives: ensuring fiscal consolidation and maintaining room for growth-friendly spending.




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Ageing in Cities: Cities need to plan ahead for an ageing population

This report shows that cities in advanced economies are growing older more quickly than rural areas. In OECD cities, 14% of people were over 65 in 2011 up from 12% in 2001. The trend will put pressure on cities to rethink some infrastructure and plan for an ageing labour force, change in revenue lower tax revenues, rising demand for social housing and higher spending on health and social care.




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Senescence in the City - OECD Insights blog

Blog: Anecdotal evidence suggests there are loads of grumpy old men and women around. A new, evidence-based report from the OECD offers some clues as to why this should be.




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Baltimore: Smacked Down by the Invisible Hand - Insights Blog

The recent riots in Baltimore following the death of Freddy Gray bring a tragic focus, once again, on inequality. Maryland’s largest city, Baltimore is a perfect laboratory to study it, thanks in part to the superb comparative statistics the city keeps. OECD Insights Blog.




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National Prosperity Through Modern Rural Policy - 10th OECD Rural Conference, Memphis, USA

As the OECD celebrates its 10th Rural Conference this edition will look at the next steps for the OECD Rural Policy Programme and consider the direction for future work.




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Government at a Glance: How Hungary Compares

Report comparing Hungary on key indicators of government activities with its neighbouring countries (Austria, Czech Republic, Germany, Poland, Slovak Republic and Slovenia) as well as the OECD average.




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Improving water safety and global prosperity: Preparedness, participation and return

In January of this year I visited the Mexican state of Tabasco– a state crossed by rivers and facing the Gulf of Mexico. The state’s population has doubled over the past 30 years and its economy relies heavily on oil and natural gas resources. It has its challenges as well: unemployment, poverty and a lack of resources.




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Making Colombia’s tax policy more efficient, fair and green

Colombia needs a comprehensive tax reform that boosts revenues and shifts the tax burden to support more inclusive and green growth. Tax loopholes and exemptions that reduce the tax base and favour mainly the rich should be reduced significantly.




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The stabilisation properties of immovable property taxation: evidence from OECD countries

This paper contributes to the scarce literature on the macroeconomic effects of property taxes, in particular on the relationships between property taxes, house prices and the wider economy.




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Open Government Data: Shedding light on government, one dataset at a time

OECD Insights Blog on the benefits to governments that pursue open government data initiatives.




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Ministers back OECD Principles on Water Governance

Ministers from OECD’s 34 member countries today welcomed the new OECD Principles on Water Governance, which set standards for more effective, efficient and inclusive design and implementation of water policies, and encouraged governments to put them into action.




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OECD Ministers reinforce importance of investment for strong, green and inclusive growth

The OECD’s Annual Meeting at Ministerial Level reinforced member governments’ support across a broad range of key OECD work.




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Regional Development Policy Newsletter - Spring 2015

Newsletter for OECD Regional Development Policy giving an overview of projects from January-June 2015.




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Regulatory improvement in the Municipality of Torreon, Mexico

Launch of the OECD programme for regulatory improvement in the Municipality of Torreon, Mexico.




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Assessing government initiatives on public sector information - A review of the OECD Council Recommendation

Better access to and use of public sector information (PSI), including open government data, are inter-related parts of the shift towards knowledge-based economies, and drivers of innovation, growth and employment. PSI can be used directly to generate products and services, and it contributes in a wide variety of ways to improving efficiency and productivity across the economy (including within the public sector).




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Launch of the Public Governance Review of Lithuania

The Public Governance Review of Lithuania was launched in Vilnius on 19 June 2015 as part of the closing event of Lithuania’s Open Progress Forum "Innovative Public Sector – Mission (Im)possible?".




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Implementing the OECD Guide to Improve the Quality of State and Municipal Regulations, San Luis Potosi, Mexico

The Municipality of San Luis Potosi scores an 87% progress in implementing the OECD Guide to Improve the Quality of State and Municipal Regulations.




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The facts about Greece - OECD Insights blog

Government at a Glance 2015, published on 6 July, offers a dashboard of key indicators to help analyze international comparisons of public sector performance. Given the timing of the release, it seems appropriate to focus on Greece to gain a balanced understanding of the country's challenges and strengths.




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Government debt indicators: understanding the data

This paper examines the various issues in defining and measuring debt, and explores other data which could be useful, both within and beyond the general government debt concept, to better track and analyse fiscal risks and sustainability issues.




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Governments should target prudent debt levels and fiscal rules will help get there

Governments should set prudent debt targets to ensure that public finances serve to promote economic growth and stability, according to new OECD research.




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Limits to government debt sustainability

The objective of this paper is to calculate endogenous government debt limits given the markets assessment of the probability to default.




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Macroeconomic uncertainties, prudent debt targets and fiscal rules

The objective of this paper is to define long-run prudent debt targets for OECD countries and country-specific fiscal rules. To this end, a semi-structural macroeconomic model for OECD countries and primary balance reaction functions are estimated.




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Annual meeting of the OECD Schools of Government Network: Skills for a World Class Civil Service

The annual meeting of the OECD Schools of Government Network on the theme of Skills for a World Class Civil Service will be held on 6 July 2015, at the OECD in Paris.




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More effort needed on government integrity to help restore public trust

Countries need to do more to identify and reduce conflicts of interest and other breaches of integrity to help win back trust in national governments, which surveys suggest remains below pre-crisis levels, according to a new OECD report.




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Sustaining the economic expansion in New Zealand

Ensuring that permanent spending or tax cuts are implemented in a sustainable manner would encourage the strong fiscal position that New Zealand needs to meet potentially large macroeconomic shocks and long-run ageing-related costs.




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Fiscal constitutions: an empirical assessment

Fiscal constitutions comprise the set of rules and frameworks guiding fiscal policy that are enshrined in a country’s fundamental laws.




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Creating Cultures of Integrity, OECD Insights blog

There are concrete steps that can be taken in achieving a culture of integrity. To achieve this, we work with countries to adopt a whole-of-society approach. That means all stakeholders, public, private and civil society, must work together to make it happen.




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The Innovation Imperative in the Public Sector

Report looks at how to create the environment in government where innovation is encouraged and nurtured.




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Reaching Maturity in Government Use of Social Media

Blog post reviewing the recent trends in the use of social media by governments. The article includes a look at the the top 30 government Twitter a/c's and the fastest growing accounts.




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Improving public sector efficiency for more inclusive growth in Latvia

This working paper explores avenues to improve public sector efficiency in Latvia, a catching-up and ageing economy where spending needs are large.




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Reducing inequality and poverty in Portugal

Portugal has one of the most unequal income distributions in Europe and poverty levels are high. The economic crisis has halted a long-term gradual decline in both inequality and poverty and the number of poor households is rising, with children and youths being particularly affected. Unemployment is one of the principal reasons why household incomes declined.




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Multi-level governance and robust water allocation regimes needed to secure Brazil’s future water needs

The recent droughts in Brazil’s Rio de Janeiro and São Paulo states have exposed the need to shift from crisis management to effective risk governance of the country’s water resources, according to a new OECD report.




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Achieving fiscal consolidation while promoting social cohesion in Japan

With gross government debt of 226% of GDP, Japan’s fiscal situation is in uncharted territory and puts the economy at risk. Japan needs a detailed and credible fiscal consolidation plan, including specific revenue increases and measures to control spending to restore its fiscal sustainability.




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Healthcare costs unsustainable in advanced economies without reform

Healthcare costs are rising so fast in advanced economies that they will become unaffordable by mid-century without reforms, according to a new OECD report.




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CEOs and governments should treat digital security as an economic risk

Digital security risk should be treated as an economic rather than a technical issue, and should be part of an organisation’s overall risk management and decision-making, according to a new OECD Recommendation to member countries.




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The time-travelling policy maker

On the eve of the launch of the OECD Regulatory Policy Outlook, Bill Below looks at the world of intertemporal policy trade-offs and why it can be difficult for politicians to focus on longer-term regulatory projects.




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The Territorial Approach to Food Security and Nutrition Policies

The FAO, OECD and UNCDF launched a joint multi-year initiative to assess Food Security and Nutrition (FSN) policies from a territorial perspective. This joint initiative will assess, scale up, and pilot innovative policy approaches and governance mechanisms to improve food security and nutrition in rural areas, in both emerging and developing countries.




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OECD Public Governance Ministerial Meeting, Finland, 2015

Ministers and cabinet-level officials from OECD countries and beyond will participate to help determine how we shape the policy cycle to deliver inclusive outcomes.




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Effective regulation is a lever for inclusive growth

Governments should do more to improve the design and delivery of new laws, as even small efforts to fix regulatory shortcomings can have a tangible positive impact on economic activity and well-being, according to a new OECD report.




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When Disaster Strikes, Who Pays?

Governments find it hard to make financial plans for disasters, and that’s not just because disasters are unpredictable and outsized. It’s because post-disaster demands on governments are also unpredictable, driven by public and political pressure.




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Betting the house in Denmark

The Danish financial sector is big and there is a high degree of inter-connectedness between banks, mortgage institutions and pension funds.




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A Governance Practitioner’s Notebook

The Governance Practitioner’s Notebook takes an unusual approach for the OECD-DAC Network on Governance (GovNet). It brings together a collection of specially written notes aimed at those who work as governance practitioners within development agencies.




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Brazil Policy Brief: Improving the Effectiveness of Public Spending

Brazil has made significant progress in building a reputation for sound fiscal policy since it passed the Fiscal Responsibility Law in 2000. In recent years, however, the fiscal situation has become more difficult as public spending and gross debt have risen.




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Further reforms needed to tackle growing risk of pensioner poverty

Recent reforms have made pension systems more financially sustainable and pensioners have higher living standards than ever before. But future generations are likely to find their pension entitlements much less generous than today’s and many may face a serious risk of pensioner poverty, according to a new OECD report.




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OECD Urban Roundtable of Mayors and Ministers

Mayors and ministers gathered for the 6th OECD Roundtable concluded that the solution to climate change will happen in cities. National governments alone will not be able to tackle environmental challenges, sustainable development should include cities and their governments as main stakeholders. Creating sustainable cities is a global agenda and Habitat III is an opportunity to shape the global urban agenda for the next 20 years.




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Taxes, income and economic mobility in Ireland: new evidence from tax records data

This paper analyses income inequality in Ireland using a new panel dataset based on the administrative tax records of the Revenue Commissioners for Ireland.




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Searching for the inclusive growth tax grail: the distributional impact of growth enhancing tax reform in Ireland

TThe economic literature suggests that a revenue-neutral shift of tax revenues from income taxes to property taxes would increase GDP per capita in the medium term. This paper analyses for Ireland the consequences of such a shift in the tax mix.