Executive Summary
Assessment and Recommendations
Chapter 1. Challenges Facing the Luxembourg Economy
-Volatile Times Ahead
-Growth in Slowing
-The Main Challenges facing the Luxembourg Economy
-Annex 1.A1. Progress in Structural Reform
Chapter 2. Can the Financial Sector Continue to be the Main Growth Engine?
-The Financial Sector in Luxembourg - Dependence and Challenges
-Annex 2.A1. Nonlinear Model of the Relationship between European Stock Index/Bank Income and Regime-Change Detection
-Annex 2.A2. Main Recommendations in the OECD Territorial Review of Luxembourg
Chapter 3. Adapting Fiscal Policies to Slower Tax Revenues
-Budgets in Recent Years have Benefited from Dynamic Revenues
-The 2008 Budget is Mildly Expansionary
-Securing the Long-Term Sustainability of Public Finances
-The Fiscal Policy Framework Needs to be Strengthened
-Modern Public Human Resources Management Can Improve Public Sector Efficiency
Chapter 4. Healthy and Wise: Enhancing Cost Efficiency in Health Care
-Health Care Services
-Health Status
-Healthcare Insurance
-Improving Spending Efficiency
-Preventive Care
-Conclusion
Chapter 5. Educated and Successful: Increasing Student Abilities by Giving Schools More Autonomy
-Student Abilities and Labour Market Performance
-Educational Expenditure and Efficiency
-Recent School Reforms
-Continuous Reworking of School Curricula
-Strengthening Incentives for High-Quality Teaching
-Improving School Accountability and Autonomy