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This chapter suggests ways to further bolster the economy’s resilience against shocks by sharpening the fiscal rule in copper price booms, while making room to relax it more in severe downturns.
Chile’s robust pace of expansion hit a roadblock when the global financial crisis erupted in mid 2008, and trade flows tumbled. Despite strong fundamentals, Chile was hit severely by the crisis.
This paper considers the role of the automobile industry in the current cycle. It shows that the industry is economically important and its cycle is intertwined with business cycles.
List of Economic Survey - China
U.S. President Barack Obama’s plan to separate core commercial banking from some higher-risk activities in financial conglomerates and to place a moratorium on further consolidation could help to avoid a new financial crisis by resolving some major risks inherent to the current financial system.
Israel’s economy has shown resilience during the global recession, but more active education and employment policies – particularly targeted at minority groups – are needed to bolster its economic performance and bridge deep divisions within its society, according to Angel Gurría.
Monetary policy and inflation prospects are broadly sound in Israel, but significant challenges remain for fiscal policy in reducing public debt.
Israel’s education system produces many tertiary graduates but there are wide gaps across society and core skills at secondary school are weak.
Israel is supporting its business sector and promoting competition in similar ways to many OECD countries, but there is room for improvement.
Despite some best-practice policies, challenges remain in raising employment and lowering poverty, particularly among Arab-Israeli and Ultra-orthodox households.