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In recent years, India has enjoyed one of the highest growth rates worldwide, weathering the global financial crisis better than many other countries.
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This paper examines how the the distributive impact of macroeconomic shocks is shaped by selected institutions. It uses a dynamic stochastic general equilibrium (DSGE) framework with heterogeneous agents and an endogenous collateral constraint.
Education has been given high priority by India’s central and state governments and continues to grow fast. Nevertheless, high drop-out rates and low attendance continues to be a challenge at lower levels and enrolment at higher levels remains modest by international standards.
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OECD work prior to the financial crisis suggested that real prices in several housing markets had become vulnerable to a change in financial and economic conditions, with the risk of a subsequent downturn becoming increasingly possible, as proved to be the case.
From the mid 1980s, New Zealand was widely considered to be a leader in liberalising product market regulation (PMR).
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The Estonian fiscal position is much better than in many OECD countries, the country stands out for having a rather lean government sector and the authorities are striving for efficient use of existing resources.
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OECD work prior to the financial crisis suggested that real prices in several housing markets had become vulnerable to a change in financial and economic conditions, with the risk of a subsequent downturn becoming increasingly possible, as proved to be the case.
International migration fell in 2009, reflecting lower demand for workers in OECD countries for the second consecutive year after a decade of growth, according to a new OECD report.
Belgium weathered the crisis well. Nevertheless, with public debt at 97% of GDP, a sustained effort to restore fiscal sustainability is needed. To boost subdued potential growth, reforms to increase employment are required while more reliance on environmental taxation should secure greener growt
12-July-2011
English, , 190kb
Although the automobile industry accounts for only a small share of industrial output in most OECD economies (around 5½ per cent in the median OECD economy), it is comparatively volatile and can thus
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