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News & Events
News
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18-Jul-2008
An informal EDRC seminar took place on 9 July 2008, focussing on the implications of euro adoption for inflation and interest rates in the Slovak Republic, based on the experience of existing euro area countries.
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10-Jul-2008
The Dutch labour market is functioning well, with employment and labour participation rates above OECD averages. Reintegrating benefit recipients would help to reduce spending on labour market programmes, which is among the highest in the OECD.
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30-Jun-2008
Energy represents a major sustainable development challenge for Canada. Efforts should be concentrated on designing and implementing an emissions trading scheme compatible with corresponding systems abroad. Effective and efficient systems of regulation and taxation are essential to facilitate the timely realisation of energy supply plans.
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20-Jun-2008
An overlapping-generations model with search unemployment is calibrated for the Netherlands to assess the impact of tax-benefit reforms on labour supply. Several reforms are analysed, in particular the introduction of a flat tax and pension reforms. The model demonstrates the potential of these reforms to raise labour supply.
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13-Jun-2008
This paper relates diverging productivity performances across OECD countries over the past fifteen years to differences in the stringency of regulations in the product market.
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11-Jun-2008
Canada is a top OECD performer and has done remarkably well in boosting female employment, reducing unemployment, avoiding Dutch disease, and cutting the debt and tax burdens. Recent macroeconomic performance has been strong, and Canada is weathering the global financial crisis and slowdown as well as can be expected.
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03-Jun-2008
The Finnish economy has been performing well but risks are mounting. Imbalances are building in the labour market and the wage negotiation framework needs to be overhauled. There is scope for improvement in the municipal sector as well as in tertiary education, and the tax mix could be made more efficient.
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24-Apr-2008
Growth has picked up significantly in recent years, largely driven by expansion of manufactured exports. Nevertheless, structural reforms are required to put public households on a sustainable path in order to cope with population ageing and to avoid labour market bottlenecks limiting growth.
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16-Apr-2008
After many years of sustained growth, the housing market has slowed: house prices are falling and there has been a sharp reduction in the number of new homes being built. The exceptional rise in property values in recent years was largely driven by higher income and demographics, but did appear to overshoot the sustainable level. House prices may ease further and could even fall below their long-run value. Residential investment is experiencing a sharp slowdown. This will have some effect on wider economic activity.
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16-Apr-2008
Lending has been strong, with debt ratios reaching very high levels. The Central Bank and Financial Services Authority of Ireland (CBFSAI) had clearly identified the major vulnerabilities and taken action to mitigate them. The Irish banks are well-capitalised and profitable, which provides a cushion to weather the more difficult times ahead. This chapter reviews financial market developments, the actions by the CBFSAI and the new policy issues that have come to the fore with the financial market turmoil.
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