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This paper uses a simple dynamic stochastic general equilibrium model to explore the qualitative impact of productivity shocks on current account positions via their impact on the saving behaviour of households.
“We must be able to grow our economy in ways that the earth can sustain. That means growth without carbon and using the earth’s amazing larder of natural resources in ways that keep ecosystems healthy.” says WWF chief James P. Leape
English, , 867kb
Policy Note: Health care systems: getting more value for money
People in OECD countries are healthier than ever before, as shown by longer life expectancy and lower mortality for diseases such as cancer. At the same time, total spending on health care now absorbs over 9% of GDP on average in the OECD.
In his remarks to "Making Reform Happen", Angel Gurría said that "well-designed and well-implemented reforms yield a triple dividend. They lift output and employment; they strengthen public budgets and they rebalance global demand."
The Slovak economy is swiftly recovering from the crisis. This Survey discusses the main challenges going forward: countering the risk of increasing long term unemployment, bringing government finances back on a sustainable path and reaping the benefits of a transition to greener growth.
The OECD’s latest economic survey of the Slovak Republic, to be published on Thursday 25 November 2010, looks at how the global recession impacted the country’s trade-dependent economy, as well as factors that have boosted recovery at an above average pace.
The process of fiscal consolidation and the need to step up the poor long term economic performance provide an opportunity to implement tax measures to improve efficiency and rebalance the economy.
English, , 401kb
Overview - Australia Economic Review 2010
Large shifts in countries’ external current account positions can be disruptive, often reflecting sudden stops in the flows of external finance and leading to exchange rate and banking crises.