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This paper describes patterns and developments of regulation that potentially affect product market competition in OECD countries over the past decade. It uses the 2008 update and revision of the OECD indicators of product market regulation (PMR).
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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.
Estonia grew faster than most emerging market economies during 2000-07, but it is now in a severe recession due to a collapse of domestic demand in the wake of the international financial crisis.
There are local air pollution benefits from pursuing greenhouse gases emissions mitigation policies, which lower the net costs of emission reductions and thereby may strengthen the incentives to participate in a global climate change mitigation agreement.
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.