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This is a very special year for the OECD, as we are celebrating our 50th Anniversary. Reaching 50 is an important moment in everyone's life: you take stock of what you have achieved, you think of where you want to go next. Thinking about the future is all the more important as we are still in the aftermath of the most devastating crisis that the global economy has experienced since World War II. The hesitant recovery, high joblessness, unprecedented volatility of financial markets, and public debts that have reached levels never experienced before, make us think twice when defining the necessary policy responses in the long‐run.

Document Type: Review Article

Publication date: October 1, 2011

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