The quality of the OECD's Economic Outlook growth projections was last evaluated in-house at the peak of the previous business cycle, calling for a reassessment. This paper analyses the OECD's annual GDP growth projections for the G7 countries over the period 1991-2006 and compares them with the...

The quality of the OECD's Economic Outlook growth projections was last evaluated in-house at the peak of the previous business cycle, calling for a reassessment. This paper analyses the OECD's annual GDP growth projections for the G7 countries over the period 1991-2006 and compares them with the...

This paper surveys tools to analyse the macroeconomic impact of structural reforms, with a focus on two general approaches: (i) econometric estimates, linking indicators of policy change to macroeconomic outcomes, and (ii) structural macroeconomic models simulating the effect of reforms on...

Between 2000 and 2008 Slovakia grew by almost 6% per year in per capita terms. As a result, Slovakia substantially narrowed the economic gap that separated it from more developed western European countries: Slovak GDP per capita increased from 43% of the EU-15 average in 2000 to 64% in 2008. The...

This country study finds that Poland stands at a crossroads and explores what mix of macroeconomic and structural policies would be most efficient in lifting the Polish economy to a new equilibrium, placing it on a fast-convergence track. Public finance reform, deepening competitiveness and...

In 2003, the ECOFIN Council gave the Economic Policy Committee (EPC) a mandate to produce a new set of long-run budgetary projections for all twenty-five Member States covering pensions, health care, long-term care, education, unemployment transfers and, if possible, contributions to...