(Ebook) OECD Economic Surveys: United States 2010 by OECD ISBN 9789264083288, 9264083286

(Ebook) OECD Economic Surveys: United States 2010 by OECD ISBN 9789264083288, 9264083286

OECD's 2010 review of the US economy.  This edition looks at rebalancing the economy following the crisis, restoring fiscal sustainability, and the special feature covers implementing cost-effective policies to mitigate climate change.Table of Content :Basic statistics of the United StatesExecutive summary Assessment and recommendations -1. Rebalancing the economy after the crisis-2. Putting public finances on a sustainable path-3. Implementing cost-effective climate change-mitigation policies -Annex A.1. Progress in structural reformChapter 1. Rebalancing the economy -Rebalancing the economy away from overinvestment in housing and increasing the resilience of the mortgage market.-Revising financial supervision to reduce the likelihood of future financial crises and lessen their transmission to other areas of the economy-Repairing household balance sheets and reducing the current account imbalance-Avoiding reduced labour market flexibility -Annex 1.A1. Housing choice with a changing interest rate in a two period optimization problemChapter 2. Restoring fiscal sustainability.-After the crisis: dealing with large fiscal imbalances-Pathways toward fiscal stability -The long-term fiscal outlook is challenging-Annex 2.A1. A small budget simulation modelChapter 3. Implementing cost-effective policies to mitigate climate change-It would be prudent to reduce Greenhouse Gas (GHG) emissions to limit climate change -The United States is a major emitter of GHG-Participation of the United States and other large emitters is pivotal to reaching an international agreement to reduce GHG emissions -The most cost-effective way to reduce GHG emissions is to price them and to support the development and diffusion of emission-reducing technologies -Government policies implemented thus far to reduce GHG emission have been neither ambitious nor cost effective -The current Administrations preferred climate-change policy would yield large cost-effective reductions in emissions if implemented