Economic activity has contracted less in Korea than in other OECD countries, thanks to the prompt and effective reaction of the authorities to contain the spread of the COVID-19 virus and to the wide-ranging government support to households and businesses. Nevertheless, the pandemic generates strong headwinds.
The French economy rebounded quickly following the COVID-19 crisis, in particular thanks to the acceleration of the vaccination campaign and strong public support measures. Rapid and effective implementation of the recovery and investment plans would help support stronger and more sustainable growth.
OECD's periodic review of South Africa's economy. This edition features chapters covering moving beyond the crisis and finding a sustainable growth path, strengthening the macroeconomic policy framework, and closing the labour utilisation gap.
The Handbook on Economic Tendency Surveys provides best practices and harmonized principles on how to conduct economic tendency survey from sample selection, questionnaire design, survey questions, survey execution, to data processing and dissemination. It also provides examples of uses of these surveys, for example, for composite tendency indicators. These surveys provide qualitative information that cannot be collected using other quantitative statistical methods. They also serve as an integral part of an early warning system because they provide information about the occurrence and timing of upturns and downturns of the economy.
The recent recession has brought fiscal policy back to the forefront, with economists and policy makers struggling to reach a consensus on highly political issues like tax rates and government spending. At the heart of the debate are fiscal multipliers, whose size and sensitivity determine the power of such policies to influence economic growth. Fiscal Policy after the Financial Crisis focuses on the effects of fiscal stimuli and increased government spending, with contributions that consider the measurement of the multiplier effect and its size. In the face of uncertainty over the sustainability of recent economic policies, further contributions to this volume discuss the merits of alternate means of debt reduction through decreased government spending or increased taxes. A final section examines how the short-term political forces driving fiscal policy might be balanced with aspects of the long-term planning governing monetary policy. A direct intervention in timely debates, Fiscal Policy after the Financial Crisis offers invaluable insights about various responses to the recent financial crisis.
This handbook is a practical manual on the design and implementation of business tendency surveys, which ask company managers about the current situation of their business and about their plans and expectations for the future.
These Guidelines represent the first attempt to provide international recommendations on collecting, publishing, and analysing subjective well-being data.
This paper develops a measure of investment in education from the literacy level of labour market entrants, using the 1994 International Adult Literacy Survey.