Economic policy
TUAC represents the voice of labour in the international economic policy debate. Through its engagement at the OECD, TUAC fights for economic policies that create full employment and that give working people a fair share of the wealth they create.
This is done through our engagement on fiscal and monetary policy at the Economic Policy Committee and its Working Party on Macroeconomic and Structural Policy Analysis.
This work is led by Filip Stefanovic and Maciej Kumor. For more information, please contact stefanovic@tuac.org and kumor@tuac.org.
The case for increasing minimum wages in OECD countries
A recent OECD publication (‘Minimum wages in times of rising inflation’, December 2022) discusses how minimum wages can help shield the most vulnerable, low-income households from high inflation. Alongside negotiations with and between social partners to protect the purchasing power of a large ...
Taming Inflation or Playing with Fire? TUAC’s response to the OECD Economic Outlook
The latest Economic Outlook, Confronting the Crisis, provides a comprehensive and layered picture of the main macroeconomic risks that world economies are facing. The report is objective in characterising the difficult balancing act that governments and central banks need to perform so to contain ...
Comments on the OECD report “The Public Sector Pay System in Israel” and its political use in Israel
On 21 June 2021, the OECD published a report on “The Public Sector Pay System in Israel”. Therein, the OECD assesses labour relations in the Israeli public sector and delivers fairly radical recommendations for reform, particularly in Chapter 3 on “Improving Labour Relations in Israel’s ...
TUAC’s position on the design of the OECD/G20 Inclusive Framework on BEPS, Pillar One
TUAC participated on 12 September to the OECD public consultations on the Progress report on Amount A of Pillar One of the BEPS Inclusive Framework. This chapter of the negotiation addresses the portion of the residual profits of large and highly profitable enterprises (i.e. Amount A), which can be ...
New OECD Interim Economic Outlook recommendations underestimate the risk of a global recession
OECD Interim Economic Outlook fails to grasp the risks of joint and unprecedented monetary and fiscal tightening The OECD released its Interim Economic Outlook, Paying the Price of War. It projects global growth to go down from 3% in 2022 to 2.2% in 2023, with economic activity in the US (0.5%) and ...
The OECD Employment Outlook calls for stronger collective bargaining to protect workers against the “cost-of-living” crisis
In brief This year’s OECD Employment Outlook calls strongly and explicitly on strengthening collective bargaining in order to improve working conditions and labour market performance at large. An analysis of labour market concentration leads the OECD to conclude that at least one in six workers ...
OECD-TUAC Liaison Committee Meeting: Policies for Framing the Recovery (EN/FR)
(Version française ci-dessous) The Liaison Committee Meeting (LCM) between the OECD and the TUAC, “Framing the Recovery: Pathways for a World in Transition”, took place virtually on 21 February 2022. The LCM is the annual appointment that brings together the OECD Secretariat, OECD country ...
OECD Economic Outlook 2021, Issue 2: A difficult balancing act in getting out of the crisis
Published on 1 December 2021, the latest OECD Economic Outlook confirms that the global economy is in recovery, while the world enters the third year of COVID-19. Yet, the optimistic forecast seems somewhat more cautious than in previous editions, with more downside than upside risks to the OECD ...
G20 Finance enhances its mandate on climate change and adopt global tax deal (FR/EN)
(Version française ci-dessous) On 13 October 2021, the G20 Finance Ministers and Central Bank Governors completed the Fourth and last meeting under the Italian Presidency in 2021. The Communiqué reiterates commitments of previous meetings, including a new structural reform agenda on ...
A Minimal Agreement on the Minimum Tax Rate – Is the International Reform Agenda up to Speed? (EN/FR)
(Version française ci-dessous) TUAC Comments on the OECD/G20 tax agreement arising from digitalisation Key messages On 8 October 2021 the signatory countries of the OECD/G20 Inclusive Framework on Base erosion and profit shifting (BEPS) adopted a revised version of its roadmap for global tax ...
