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In his remarks, Mr. Gurría highlighted that reforms to promote more competitive product markets have been deeper in Spain than in the average of OECD country by reducing state control over enterprises in the business domain and lowering barriers to enterprise, foreign trade and investment.
Experts from the IMF, the OECD, and the World Bank met on 4 February in Paris to exchange views and co ordinate responses to the global economic crisis.
The fiscal deficit has been gradually brought down even in the midst of a deep recession, pro-cyclical fiscal tightening continued. Fiscal sustainability is aimed to be restored by the recent reforms.
This paper uses the WITCH model, a computable general equilibrium model with endogenous technological change, to explore the impact of various climate policies on energy technology choices and the costs of stabilising greenhouse gas concentrations.
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An extract on housing from the OECD Economic Outlook No. 84's general assessment.
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.
Euro area entry calls for more fiscal flexibility to absorb cyclical shocks that cannot be dealt with by the common monetary policy. At the same time fiscal consolidation must not be put at risk, especially given rising ageing related costs.
At a meeting with Slovak Economists, Mr. Gurría underlined that the OECD has developed a strategic response to deal with the current situation, while at the same time addressing the interaction between different policy actions in our economies.
The current crisis offers governments the opportunity of combining emergency action with the important structural reforms needed to improve long-term growth and resilience in their economies, according to OECD’s latest Going for Growth.
This paper develops and applies a simple “conditional growth” framework to make long-term GDP projections for the world economy.