Source: OECD Economic Surveys, Volume 2008, Number 16, December 2008 , pp. i-147(148)

Publisher: OECD - Organisation for Economic Co-operation and Development

Abstract:

This 2008 edition of OECD's periodic survey of the United States economy examines key economic challenges the US will face in the coming years including the financial crisis and health care reform.

Executive Summary

Assessment and Recommendations

Chapter 1. Key Policy Challenges

-The economic context is difficult

-Public finances are not on a sustainable path

-Underlying prospects for economic growth remain favourable

-But there is much income inequality and its is rising

-Substantial reductions in CO2 emissions will be required if international efforts to combat global warming are to succeed

-Macroeconomic policy challenges

-Policy challenges in overcoming the financial crisis

-Policy challenges in health care reform

Chapter 2. Overcoming the Financial Crisis

-The anatomy of the crisis

-Short-term crisis resolution

-Longer-term crisis resolution

-Annex 2.A1. Key Features of the Main Categories of Mortgage Loans

-Annex 2.A2. The Current Regulatory Structure of US Financial Markets

Chapter 3. Health Care Reform

-Population health status is lower and health expenditure is higher than in many other countries

-A growing proportion of the population is underinsured

-Reforms to extend health insurance coverage

-Medicare reforms to improve value for money

Document Type: Review article

Publication date: 2008-12-01

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