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20-September-2010
English
The US economy is slowly recovering from the severe recession caused by the financial crisis. While monetary and fiscal support remains essential in a context of high unemployment, the focus will subsequently need to shift to reducing the large budget deficit and reversing the rise in public deb
20-September-2010
English
Supported by substantial stimulus measures, the US economy has started to grow again after the economic crisis but Mr. Gurría argued that efficient spending would be key to strenghten public finances. In this respect, the recent health-care reform, which includes measures to reduce the growth in health-care spending, is an important landmark, Mr. Gurría stated.
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17-September-2010
English, , 1,008kb
Korean version of Health-Care Reform in Korea(Economics Department Working Papers No. 797)
17-September-2010
English
At the heart of the crisis are failures of financial regulation, of supervision, of risk management and of corporate governance.
16-September-2010
English
Summary of Economic Surveys of Turkey
15-September-2010
English
Turkey was directly affected by the global crisis but showed considerable resilience since then. The strong macroeconomic policy framework provided support. With the recovery under way, a golden opportunity for structural reforms arises from the sharp drop in capital costs.
14-September-2010
English
Hungary has faced a considerable challenge to regain credibility following persistent and high fiscal deficits. Efforts during recent years have produced substantial results. These and other points are discussed in this working paper.
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13-September-2010
English
The economy is recovering from an externally driven recession. Public spending growth must be restrained as planned starting in 2011 to put public finances onto a sustainable path, including in the health sector where efficiency gains and quality improvements are possible.
13-September-2010
English
This paper presents a simulation model of the main budget aggregates of federal, provincial and territorial governments in Canada. It also contains an analysis of the cyclicality of Canadian governments’ fiscal policies between 1984 and 2007.
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The aim of this paper is to assess the consequences of banking crises for public debt. Using an unbalanced panel of 154 countries from 1980 to 2006, the paper shows that banking crises are associated with a significant and long-lasting increase in government debt.
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