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OECD Economic Surveys: United States 2010 PDF

142 Pages·2010·2.731 MB·English
by  OECD
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OECD's 2010 review of the US economy.  This edition looks at rebalancing the economy following the crisis, restoring fiscal sustainability, and the special feature covers implementing cost-effective policies to mitigate climate change.Table of Content :Basic statistics of the United StatesExecutive summary Assessment and recommendations -1. Rebalancing the economy after the crisis-2. Putting public finances on a sustainable path-3. Implementing cost-effective climate change-mitigation policies -Annex A.1. Progress in structural reformChapter 1. Rebalancing the economy -Rebalancing the economy away from overinvestment in housing and increasing the resilience of the mortgage market.-Revising financial supervision to reduce the likelihood of future financial crises and lessen their transmission to other areas of the economy-Repairing household balance sheets and reducing the current account imbalance-Avoiding reduced labour market flexibility -Annex 1.A1. Housing choice with a changing interest rate in a two period optimization problemChapter 2. Restoring fiscal sustainability.-After the crisis: dealing with large fiscal imbalances-Pathways toward fiscal stability -The long-term fiscal outlook is challenging-Annex 2.A1. A small budget simulation modelChapter 3. Implementing cost-effective policies to mitigate climate change-It would be prudent to reduce Greenhouse Gas (GHG) emissions to limit climate change -The United States is a major emitter of GHG-Participation of the United States and other large emitters is pivotal to reaching an international agreement to reduce GHG emissions -The most cost-effective way to reduce GHG emissions is to price them and to support the development and diffusion of emission-reducing technologies -Government policies implemented thus far to reduce GHG emission have been neither ambitious nor cost effective -The current Administrations preferred climate-change policy would yield large cost-effective reductions in emissions if implemented
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