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The Economics Department has carried out a number of studies on the conduct and operation of monetary policy in the context of liberalised financial markets and price stability; the role of the exchange rate in monetary policy formulation and the effects of monetary policy on the real economy.
Permanent URL: www.oecd.org/eco/money
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28-Mar-2012
Poland has been the best growth performer within the OECD through the crisis. However, with its planned fiscal retrenchment and the European economy grinding to a halt, real GDP growth is projected to slow. Poland is not immune to contagion risks from its European trading partners.
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27-Mar-2012
The euro area is experiencing a crisis related to sovereign debt in several countries which has its origins in the build-up of excessive financial, fiscal and economic imbalances. Short-term actions and long-term reforms of structural, fiscal and financial governance are needed to resolve the crisis.
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13-Mar-2012
Loan supply has fallen due to a high financial levy and heavy burden of restructuring households' balance sheets. To restart lending, banks need to be recapitalized, macro-prudential regulation has to be put in place and the efficiency of financial intermediation should be increased.
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