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Secretary-General Angel Gurría opened the OECD High-level Parliamentary Seminar with an exchange of views on ongoing efforts by the OECD to restore confidence. An example is our “New Approaches to Economic Challenges” initiative to examine lessons learned from the crisis while identifying a renewed strategic policy agenda for inclusive growth and well-being.
Annual inflation in the OECD area rose by 2.0% in the year to August 2012, up from 1.9% in the year to July 2012. This slight increase in the annual rate of inflation – first increase since August 2011 - masked opposing movements in energy and food prices.
In many OECD countries debt has soared to levels threatening fiscal sustainability, necessitating its reduction over the medium to longer term. This paper uses stylised simulations in a small, calibrated macroeconomic model which features endogenous interactions between fiscal policy, growth and financial markets.
OECD Secretary-General addresses how Estonia can become more resilient to external shocks and achieve even stronger, more sustainable and inclusive growth at the official launch of the latest OECD Economic Survey of Estonia.
Estonia has achieved high growth, but boom/bust cycles need to be mitigated by macroprudential and fiscal policies, and the social costs of volatility reduced by investments in skills and innovation, activation and targeted income support.
Estonia recovered forcefully from the global economic crisis but growth has since slowed, highlighting the need for further reforms that reduce exposure to external shocks and ensure against future boom/bust cycles, according to the OECD’s latest Economic Survey of Estonia.
OECD Secretary-General Angel Gurría welcomes the Spanish government's budget and the economic policy measures announced yesterday.
Going structural, going social, going green and going institutional will enable Indonesia to secure its path to prosperity and ensure inclusive and sustainable growth.
Indonesia has improved its macro-economic and structural policies over the last 15 years. Its economy, with strong and stable growth rates of 5–6.6%, is catching up with other countries in the region and allowing Indonesia to focus on its development agenda.
Improved policy settings since the Asian crisis have yielded strong economic growth, as well as a marked reduction in poverty. Further institutional and policy reform can promote a socially inclusive and green development and raise productivity.