OECD Economic Surveys: United States

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1995-3046 (imprimé)
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OECD’s periodic surveys of the United States economy. Each edition surveys the major challenges faced by the country, evaluates the short-term outlook, and makes specific policy recommendations. Special chapters take a more detailed look at specific challenges. Extensive statistical information is included in charts and graphs.

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OECD Economic Surveys: United States 2004

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14 avr 2004
Pages :
9789264015807 (PDF) ;9789264015784(imprimé)

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OECD’s 2004 review of the US economy examines the key challenges the US faces for sustaining economic growth.  In particular, the challenges of insuring fiscal sustainability and budget discipline, maintaining price stability, and improving confidence in financial markets are carefully analysed.  This edition’s special feature covers product market competition and economic performance.

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  • Assessment and Recommendations

    The US economy has performed very well since the early 1980s. Since then, real GDP growth has been the highest among G7 countries and well above the OECD average. In per capita terms real incomes remain much higher than in nearly all Member countries. Productivity gains picked up markedly in the second half of the 1990s, and there has been a further acceleration of late. Following a period of sluggish growth and massive policy stimulus, the economy has now enjoyed nearly a year of strong expansion, growing by about 5 per cent (annualised) over the past three quarters...

  • Sustaining Strong Growth and Social Cohesion

    The economic situation; The policy stance; Near-term prospects and risks; Key challenges...

  • Ensuring Fiscal Sustainability and Budgetary Discipline

    The federal fiscal position and outlook; Sub-federal budgets and joint federal-state programmes; Longer-term challenges: imbalances in entitlement programmes; Reinforcing budget discipline...

  • Maintaining Price Stability

    Avoiding deflation; Challenges in communicating the policy stance; Strengthening the policy framework...

  • Improving Confidence in Financial Markets

    Exchange-rate and stock-market developments; Corporate governance and accounting reforms; Bankruptcy and private pensions; Distortions from government-sponsored enterprises; The impact of Basel II...

  • Product Market Competition and Economic Performance

    Overview; Competition legislation and enforcement; Strong competitive forces have contributed to good economic performance; Barriers to foreign trade are relatively low; Intellectual property rights; Regulatory policies and competition; Concluding remarks...

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