OECD. Economic Policy Reforms going for growth, 2009 [online]

Organisation for Economic Co-operation and Development (OECD)

"This fifth edition of Going for Growth comes at a time when OECD countries are faced with the most severe financial and economic crises in a lifetime. The still unfolding global crisis and recession have inevitably raised questions about the extent to which markets can be trusted to deliver good outcomes and whether earlier reforms have contributed to make economies more vulnerable. ... This report identifies three broad fiscal/structural reforms that could yield a “double-dividend” at present: increased spending on infrastructure; increased spending on active labour market policy, including on compulsory training courses; and reduction of personal income taxes, notably on low-income earners. In addition, product market reforms that ease entry restrictions and strengthen competition may boost demand in some cases in the short term and increase productivity in the long term."