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The OECD's macroeconomic work is based on continued monitoring of events in Member countries as well as outside the OECD area and includes regular projections of short and medium-term economic developments. Interactions between individual countries' policies and developments are a notable concern. Bookmark this page: www.oecd.org/economics
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06-Jul-2009
Brazil, like other natural resource exporting countries, has benefited from a sharp increase in commodity prices over the last few years. 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.
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06-Jul-2009
The computation of non linear impulse response functions suggests that the system’s history, as well as the sign and magnitude of shocks, affect the current account’s responses to exogenous changes in income, government consumption and investment. In particular, responses to fiscal shocks depend on whether they are positive or negative and whether they follow periods of fiscal expansions or contractions.
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02-Jul-2009
How has the crisis affected Austria’s economy and banks? What short and longer term fiscal policies are advised? How strong is productivity and labour market performance? How can employment rates be improved? Does the education system equip students to meet today’s challenges?
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01-Jul-2009
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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01-Jul-2009
Once the free-riding incentives of non-participants are taken into account, only a “grand coalition” including virtually all regions can be successful. This grand coalition is profitable as a whole, implying that all countries can gain from participation provided appropriate transfers are made across them. However, neither the grand coalition nor smaller but still environmentally significant coalitions appear to be stable.
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