Let me begin with an awkward confession. I am a macroeconomist. Macroeconomics is difficult but, as you are aware from reading the news, we have done a splendid job regardless. In contrast, I always thought microeconomics and recipes for structural
reform were inherently easier. However, after two years of chairing the Economic and Development Review Committee, which does country reviews at the OECD, I have begun to realise that this is not so.