OECD Economic Surveys. Euro Area 2016

OECD Economic Surveys Euro Area 2016 Euro Area 2016

This 2016 OECD Economic Survey of the Euro Area examines recent economic developments, policies and prospects. The special chapter cover: Making public finances more growth and equity-friendly.

Detalles Bibliográficos
Autor principal: Organisation for Economic Co-operation and Development.
Autor Corporativo: Organisation for Economic Co-operation and Development (-)
Formato: Libro electrónico
Idioma:Inglés
Publicado: Paris : Organization for Economic Cooperation & Development 2016.
Edición:2016th ed
Materias:
Regional economics > Europe.
Organisation For Economic Co-Operation And Development
Business & Economics
Ver en Biblioteca Universitat Ramon Llull:https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009704706706719
Tabla de Contenidos:
  • Intro
  • Table of contents
  • Basic statistics of the euro area 2015
  • Abbreviations and acronyms
  • Executive summary
  • Monetary and financial policies to support the recovery
  • Euro area consumer prices
  • Restoring credit growth
  • Credit to non-financial corporations
  • Making public policy more supportive of inclusive growth
  • Euro area fiscal stance
  • Assessment and recommendations
  • Challenges facing Europe
  • Figure 1. GDP growth and long-term interest rate spreads
  • Figure 2. Eurobarometer: Public opinion of the European Union
  • Figure 3. Unemployment dispersion in the euro area
  • Figure 4. Investment is still far below 2007 levels
  • Figure 5. Well-being outcomes
  • Fostering recovery and rebalancing
  • Figure 6. Activity has gradually recovered but sharp cross-country divergence remains
  • Figure 7. Debt of non-financial corporations in the euro area1
  • Figure 8. Indicators of external balance
  • Figure 9. Export performance and competitiveness
  • Figure 10. Developments in unemployment and poverty
  • Table 1. Macroeconomic indicators and projections
  • Keeping monetary policy accommodative
  • Figure 11. Interest rate developments
  • Figure 12. Central banks' total liabilities
  • Figure 13. Financial indicators
  • Figure 14. Inflation developments
  • Figure 15. Credit developments and financial fragmentation
  • Figure 16. House prices
  • Improving monetary transmission by resolving non-performing loans
  • Figure 17. Non-performing loans
  • Figure 18. Non-performing loans net of provisions to capital
  • Completing banking union
  • Making public finances more growth and equity-friendly
  • The crisis has taken a heavy toll on public finances, calling for reforms at European and national level
  • Figure 19. Evolution of gross public debt in the euro area
  • Figure 20. The fiscal stance in the euro area.
  • Figure 21. Post-crisis fiscal consolidation episodes: Composition and labour tax wedge developments
  • Reforming European fiscal governance to promote collective and inclusive growth
  • Reinforcing national budgetary frameworks
  • Figure 22. Intensity of budgetary reform in euro area countries
  • Leveraging the impact of EU investment policies
  • Figure 23. European Union budget: Structure of expenditure
  • Figure 24. European structural and investment funds as a share of public investment
  • Improving public investment governance
  • Bibliography
  • Annex. Progress in structural reform
  • Thematic chapter
  • Chapter 1. Making public finances more growth and equity-friendly
  • There is strong potential to improve growth and equity through better public finances
  • Public finances matter for growth and equity through multiple channels
  • The crisis has taken a heavy toll on public finances
  • Figure 1.1. Evolution of gross public debt in the euro area and the United States
  • Figure 1.2. The fiscal stance in the euro area and the United States
  • Figure 1.3. Post-crisis fiscal consolidation episodes: Change in the underlying primary balance
  • Figure 1.4. Fiscal consolidation and debt dynamics: Projections and outcomes
  • Figure 1.5. Post-crisis fiscal consolidation episodes: Contributions from revenue and expenditure
  • Table 1.1. Post-crisis fiscal consolidation episodes: Cumulative change in revenue and expenditure items
  • Figure 1.6. Change in the labour tax wedge over the post-crisis fiscal consolidation episode
  • Figure 1.7. Income redistribution due to fiscal variables
  • Reforms at both European and national levels are needed
  • Improving fiscal governance to promote inclusive growth
  • Reforming European fiscal rules
  • Figure 1.8. Fiscal policy and cyclical conditions in the euro area.
  • Figure 1.9. Extension of deadlines for eliminating excessive deficits
  • Reinforcing national budgetary frameworks
  • Figure 1.10. Intensity of budgetary reform in euro area countries
  • Figure 1.11. Remit and resources of independent fiscal institutions: Selected features
  • Policies towards more effective public investment
  • Making EU budget expenditure more growth-friendly
  • Figure 1.12. European Union budget: Structure of expenditure
  • European regional policy: Making the best of conditionality requirements
  • Figure 1.13. European structural and investment fund allocations for 2014-20
  • Figure 1.14. European structural and investment funds as a share of public investment
  • Leveraging private sector investment
  • Improving public investment governance
  • Figure 1.15. Share of sub-national governments in total public investment
  • Recommendations to make public finances more growth and equity-friendly
  • Bibliography.

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