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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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19-Nov-2008
The main challenges facing the Spanish economy are to minimise the economic costs of the current downturn, move workers shed to new jobs, and to raise sustainable productivity growth including by improving human capital formation and competition in product markets.
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17-Nov-2008
This paper analyses the determinants of structural unemployment rates in a two-stage approach. First, time-varying NAIRUs are estimated for a panel of OECD economies on the basis of Phillips curve equations using Kalman filter techniques. In a second stage, the estimated NAIRUs are regressed on selected policy and institutional variables.
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13-Nov-2008
Economic activity is expected to fall by 0.9 percent in the US next year, by 0.5 percent in the Euro area and by 0.1 percent in Japan as OECD countries enter a protracted slowdown, according to latest projections. Watch the news conference to present GDP, inflation and unemployment forecasts for the three economies ahead of the G20 summit on the financial crisis on 15 November 2008.
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from 18-Nov-2008 to 19-Nov-2008
Innovation is crucial to long-term economic growth. Making innovation-driven growth happen requires action on a wide range of policy areas, from education and science and technology to product and labour markets and trade. OECD and the World Bank are joining forces to work more closely on innovation, particularly insofar as this issue is a crucial factor in the success of development policy, notably in middle income market economies.
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29-Oct-2008
This paper examines the nature and the length of economic adjustments to selected structural reforms, drawing on a variety of approaches: descriptive analysis and simulations using Dynamic General Equilibrium and macro-economic neo-Keynesian models.
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