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News & Events
News
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02-Feb-2007
Norway is entering the fourth year of a long cyclical upturn that has brought down unemployment, without so far rekindling inflation. However, fiscal and monetary policies need to tighten faster to minimise risks of overheating. Other challenges include reforming pensions to improve fiscal sustainability, boosting labour supply by reforming long term sickness and disability schemes and improving policies to encourage innovation to sustain the rise in the country’s prosperity.
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30-Jan-2007
Norway is entering the fourth year of a long cyclical upturn that has brought down unemployment, without so far rekindling inflation. However, fiscal and monetary policies need to tighten faster to minimise risks of overheating. Other challenges include reforming pensions to improve fiscal sustainability, boosting labour supply by reforming long term sickness and disability schemes and improving policies to encourage innovation to sustain the rise in the country’s prosperity.
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23-Jan-2007
How can policy help the Spanish economy maintain its good performance? Boosting productivity through more innovation, reducing the inflation differential and reinforcing the resilience of the economy through more competitive product markets and a reform of the wage formation process are part of the answer. The survey also stresses the need to stabilise the housing market and confront the budgetary implications of ageing.
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23-Jan-2007
This chapter addresses the challenge that the adjustment to sustained high oil prices poses for macroeconomic management, particularly with respect to competitiveness and inflation. Economics Department Working Paper 537 by Christian Gianella.
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04-Jan-2007
Monetary policy is responding to inflation pressures. The ECB should continue to refine its communication strategy in order to enhance clarity. The recovery creates a golden opportunity to get fiscal policy back on track. Member states need to make greater efforts to achieve budget balance and pay down debt.
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27-Nov-2006
Russia has been enjoying a period of robust growth, thanks largely to steadily rising terms of trade. The challenge for policy-makers is to facilitate Russia’s transition into a period of self-sustaining, investment- and innovation-led growth.
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24-Nov-2006
Despite progress in macroeconomic stability, Brazil's GDP growth needs to rise to close the income gap relative to the OECD. This will require consolidating macroeconomic adjustment, boosting business innovation and improve formal labour utilisation.
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18-Oct-2006
Despite substantial progress with macroeconomic stabilisation and institutional reform, the recent turmoil in financial markets has highlighted the need for further structural reforms to increase productivity growth, expand the formal sector, and consolidate macroeconomic stability.
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18-Sep-2006
In a statement to the International Monetary and Financial Committee meeting in Singapore on 17 September 2006, OECD Secretary-General Angel Gurría reviews the world economic outlook and calls on countries to work together to head off a possible resurgence of international investment protectionism.
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09-Aug-2006
Iceland's growth performance has been impressive, but it has been accompanied by large economic imbalances that need to be corrected swiftly by approriate monetary and fiscal policies. Other challenges include minimising risks to the stability of, and completing reforms in, the financial sector as well as human capital development to sustain the rise in the country's prosperity.
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Top of page
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How deep is the impact of the recent oil and credit shocks on the productive potential of OECD economies?
Issue No. 83
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