OECD Economic Outlook: December No. 72 Volume 2002 Issue 2 (Complete Edition - ISBN 9264191623)

Author: OECD Organisation for Economic Co-operation and Development,

Source: OECD Economic Outlook, Volume 2002, Number 2, December 2002 , pp. I-252(253)

Publisher: OECD - Organisation for Economic Co-operation and Development

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Abstract:

Twice a year, the OECD Economic Outlook analyses the major trends that will mark the next two years. The present issue covers the outlook to the end of 2004 and examines the economic policies required to foster high and sustainable growth in member countries. Developments in selected major non-OECD economies are also evaluated in detail. Together with a wide range of cross-country statistics, the Outlook provides a unique tool to keep abreast of world economic developments.

In addition to the themes featured regularly, this issue contains four analytical chapters addressing the following important questions.

- How great a source of concern is the deterioration in budgetary positions in most OECD countries? Is it possible to design fiscal rules that work during both the upside and downside of the business cycle?

- How can labour force participation of older workers be raised? How big are the incentives to retire caused by pension systems and other transfer systems?

- What are the benefits that OECD countries could achieve from undertaking reforms to promote product market competition?

- Why have inflation rates in some of the larger, slow-growing economies not declined sufficiently to offset higher rates elsewhere in the euro area?

Page Count: 253 Figure Count: 164 Table Count: 127

Document Type: Review article

Publication date: 2002-12-01