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To investigate the possible impact of terms of trade gains on the real economy, this paper estimates normalised quadratic input demand and output supply functions for the Brazilian economy during 1997-2008.
Austria entered the most severe recession in decades. This triggered prompt policy measures to stabilise the real economy and financial markets, which will deteriorate significantly the fiscal position.
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Speech delivered by Andrew Dean, Director of Country Studies in the OECD Economics Department at the news conference held on 2 July 2009 at Bundeskanzleramt (Kongresssaal) in Vienna.to launch the 2009 Economic Survey of Austria.
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So far, Austria has weathered the global financial crisis better than other OECD countries. Even so, it is entering its worst recession in half a century. Moreover, its strong economic links with Central and Eastern Europe involve risks to GDP growth and financial stability. In the face of the crisis, the stance of monetary policy has been loosened in the euro area and measures have been taken in Austria to strengthen the liquidity
Austria entered the most severe recession in decades, requiring policy measures to stabilise the real economy and financial markets. Beyond the crisis, there is need to enhance labour productivity and labour utilisation, and to improve the education system.
Slovenia’s rapid convergence to the OECD average has been interrupted by the global crisis that made discretionary fiscal expansion necessary. Beyond the crisis, ensuring fiscal sustainability, especially through pension reform, increasing labour participation, especially among the old and the young and improving the governance of financial institutions and state-owned enterprises remain key challenges.
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Slovenia has achieved a significant economic catch-up toward the OECD average GDP per capita without creating any major imbalances. This catch-up has been set back by the financial turmoil, which poses immediate challenges to economic policy to support the financial sector and economic activity in general. Beyond the crisis, the main goal for policymakers must be to restore sustainable growth within the euro area. Regarding these
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Slovenija je zmanjšala razvojni zaostanek v primerjavi s povprečjem OECD, merjeno z BDP na prebivalca, in pri tem ni ustvarila večjih neravnovesij. To dohitevanje je upočasnila globalna finančna in gospodarska kriza, ki je postavila ekonomsko politiko pred izziv, kako z ustreznimi spodbudami čim prej pomagati finančnemu sektorju in gospodarstvu. Glavni cilj nosilcev politike po koncu krize mora biti ponovna vzdržna rast v okviru
As in most other OECD countries, the fiscal situation in the UK has deteriorated sharply. While to date the discretionary fiscal stimulus has been relatively modest, after around the turn of the century the underlying fiscal position weakened more than anticipated. While there was some subsequent improvement, particularly in tax receipts, the severe impact of the downturn on the public finances and the borrowing related to the rescue
The government’s health reform programme since 2000 has covered many aspects of the organisation of health care and was accompanied by a sizeable increase in spending on healthcare. Many of these reforms have the potential to improve the efficiency and responsiveness of the health care system and ultimately health outcomes. This chapter provides an overview of the organisation and financing of the National Health Service, reviews its