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In the midst of the deepest and most synchronised recession in our lifetimes, OECD's Gurría encourages a policy response which addresses the social impact of the crisis and repairs the financial system.
Country Notes from OECD Economic Policy Reforms: Going for growth 2011 presenting OECD recommendations for structural reform priorities for individual countries.
This working paper uses a variety of empirical methods to examine the apparent differences in monetary policy stances as between the United States and other G7 economies.
This paper constructs a broad measure of financial conditions for the United States, Japan, the Euro Area and the United Kingdom, by extending monetary condition indices which are traditionally used to gauge the impact of monetary policy on the economy.
The global financial crisis that emerged in mid 2007 has caused considerable economic disruptions in the United States and elsewhere, and exposed major flaws in the global financial system.
In spite of improvements, on various measures of health outcomes the United States appears to rank relatively poorly among OECD countries. Health expenditures, in contrast, are significantly higher than in any other OECD country.
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The US economy is going through an exceptionally difficult period after having beenhit by converging adverse developments, some in reaction to previous excessesduring the upswing, others more exogenous. A sharp downturn in the housingmarket, a financial crisis and temporarily high commodity prices have caused activity to slow sharply during 2008. This happened at a time when the external position was persistently weak and the fiscal
The US economy is facing a serious financial crisis and is in recession. Measures are being taken to combat the financial crisis and support the economy. Reforms are needed to strengthen financial market regulation and extend health insurance coverage.
As the financial crisis deepens and spreads, a decisive policy action is needed to restore confidence and restart the flow of credit, according to Mr.Gurría.
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A three-day international workshop on innovation and the global impact of high-growth small and medium-sized firms (SMEs), organized by OECD with the Kauffman Foundation in Kansas City, hailed entrepreneurship and the fast growth of innovative small firms as the engines of economic growth.