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The OECD is ready to play a key role in helping to implement the recommendations of a commission of international experts on new ways of measuring well-being and progress, OECD Secretary-General Angel Gurría said.
As world leaders head into serious discussions in the coming weeks about how to address climate change, new OECD work will inform some of the most contentious isssues of the debate – those related to the costs involved. .
English, , 275kb
We assess fiscal policy from the perspective of fairness between generations and the relationship between this and national saving, in the context where the United Kingdom is the lowest-saving of all the OECD economies.
Inflation performance has been unsatisfactory. By joining the euro area, Iceland would share the benefits of the ECB’s credibility. Substantial fiscal consolidation is required following the financial crisis.
Iceland’s main banks, which had pursued risky expansion strategies, failed in the wake of the global financial crisis, plunging the economy into a deep recession. Prudential supervision needs to be improved.
This working paper suggests that restoring competitiveness will require strengthening France's growth potential and to address the main long term determinants of that potential, such as fostering R&D, promoting innovation, reducing the tax burden, boosting competition and so on.
Spanish, , 368kb
A pesar de contar con fundamentales más sólidos, México no ha escapado a la recesión económica mundial. La contracción de la industria manufacturera internacional y el colapso de la actividad comercial, de manera notable en Estados Unidos, han deprimido el sector real. La reducida disponibilidad de créditos ha comenzado a afectar la actividad económica, aun cuando el sector financiero ha sorteado, hasta ahora, la crisis mundial. Los
There is a case, but there are also counter-arguments. With sufficient forward-looking behaviour among firms and households, price-level targeting can act as a powerful built-in stabiliser through automatic shifts in inflation expectations.
English, , 8kb
External links to: recent economic data; current interest rates and exchange rates; latest macroeconomic reports; current outlook and projections; government budget information; speeches; relevant sites.
The OECD is working to help governments restore confidence and stability in the financial system, soften the impact of the recession and strengthen the global economy over the longer term.
Its strategic response to the crisis covers two main areas:
align regulations and incentives in the financial sector to ensure tighter oversight and risk management;
review and upgrade national policies and improve international coordination to