Download
great recession and oecd selected policy issues n.
Skip this Video
Loading SlideShow in 5 Seconds..
GREAT RECESSION AND OECD (SELECTED POLICY ISSUES) PowerPoint Presentation
Download Presentation
GREAT RECESSION AND OECD (SELECTED POLICY ISSUES)

GREAT RECESSION AND OECD (SELECTED POLICY ISSUES)

123 Vues Download Presentation
Télécharger la présentation

GREAT RECESSION AND OECD (SELECTED POLICY ISSUES)

- - - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript

  1. GREAT RECESSION AND OECD(SELECTED POLICY ISSUES) Karel Dyba

  2. CONTENT • FINANCIAL AND ECONOMIC CRISES AND OECD POLICY RECOMENDATIONS • OECD ENLARGEMENT AND ENHANCED ENGAGEMENT PROGRAMME 3. CONCLUDING REMARKS

  3. 1/1 - GREAT RECESSION AND OECD POLICY RECOMENDATIONS OECD PRODUCTS, THEIR BROAD CONTENT AND AIM • OECD STRATEGIC RESPONSE TO THE FINANCIAL AND ECONOMIC CRISIS, END 2008 • UPDATED IN MARCH 2009 AS "THE ROAD TO RECOVERY”  -  HOW TO MITIGATE THE IMPACT OF THE RECESSION(FISCAL STIMULUS) - POLICIES TO CHART THE ROAD TO A STRUCTURALLY BETTER UNDERPINNED RECOVERY AND GROWTH

  4. 1/2 - GREAT RECESSION AND OECD POLICY RECOMENDATIONS(CONTINUED) WHAT IS A SMART FISCAL STIMULUS  - TIMELY, TEMPORARY AND TARGETED - FOCUS ON SHORT TERM EFFICIENCY AND LONG TERM GROWTH (INFRASTRUCTURE, TAX CUTS ON LOW INCOME LABOUR, TRAINING, R AND D, INOVATION) -  MINIMAL SUBSIDIES PROTECTION OF NON-FINANCIAL FIRMS ANDSECTORS -   SIZE OF THE STIMULUS DIFFERS

  5. 1/3 - GREAT RECESSION AND OECD POLICY RECOMENDATIONS(CONTINUED) - NO TO TRADE AND INVESTMENT PROTECTIONISM (DOHA) -   ADOPTING COUNTRY SPECIFIC STRUCTURAL REFORMS -   (OECD COUNTRY ECONOMIC SURVEYS) -   BETTER INTERNATIONAL COORDINATION -   COMMITMENT TO MEDIUM TERM FISCAL ADJUSTMENT AND RETURN TO A SUSTAINABLE FISCAL BALANCE

  6. 2 - OECD ENLARGEMENT AND ENHANCED ENGAGEMENT PROGRAM -  ENLARGEMENT: INITIAL MEMORANDA PRESENTED BY SLOVENIA,ESTONIA, CHILE, ISRAEL -   AND RUSSIA? -   ENHANCED ENGAGEMENT: CHINA, INDIA, BRAZIL, SOUTHAFRICA, INDONESIA - WHY AND HOW

  7. 3 - CONCLUDING REMARKS -   LARGE STIMULUS: EXCEPTIONAL MEASURE REQUIRED BY EXCEPTIONAL TIMES -   UNUSUAL MONETARY POLICIES AND DANGER OF INFLATION -   REMOVAL OF TOXIC ASSETS FROM THE BALANCE SHEETS OF BANKS AND PRIVATE SECTOR LEAD RECOVERY (GEITHNER PLAN) - OECD ENLARGEMENT AND ENAHANCED ENGAGEMENT, CURRENT INICIATIVES