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The financial crisis heightens the risks associated with domestic macroeconomic imbalances, but responding to short-term challenges should not detract policy makers from the long-term goals of raising productivity growth and improving efficiency in the health sector.
This paper studies drivers of high-frequency (daily) dynamics of the South African rand vis-à-vis the dollar from January 2001 to July 2007.
Income distribution remains among the most equitable in the OECD although disparities have widened over the decade. While the tax and transfer system has been effective in reducing income inequality, changes to the income tax system in the early 1990s have contributed to rising disparities.
Climate change is expected to have significant implications for the world economy and for many areas of human activity. A main conclusion of the review is that there are large uncertainties, which are not fully reflected in existing estimates of global impacts of climate change in monetary units.
Maintaining high participation and employment in the face of the current recession and a rapidly ageing population are major challenges for policy makers. The recession of the early 1990s showed that high unemployment can leave long–lasting scars on labour markets.
Country Notes from OECD Economic Policy Reforms: Going for growth 2011 presenting OECD recommendations for structural reform priorities for individual countries.
The costs of the recession and ageing are a challenge to fiscal sustainability. The estimated fiscal sustainability gap has increased from 3 to 8% of GDP due to a sizeable permanent stimulus and lower potential output. A consolidation plan should be articulated now...
Finland was among the most affected OECD countries during the crisis as demand for its mainly capital–goods intensive exports collapsed. The financial sector weathered the shock well, but credit contracted, reflecting both demand and supply factors.
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This paper relies on selected evidence to compare hospital efficiency in a sub-set of OECD countries, based on three different approaches relying on.
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This article reviews some of the possible changes that may occur in the national labour markets of many OECD countries as a result of the internationalisation of production by multinational companies.