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The OECD analyses and assesses a wide range of policy areas that have the potential to improve economic performance. The Country Studies Branch of the Economics Department carries out economic monitoring of countries outside the OECD.
Bookmark this page: www.oecd.org/eco/surveys/nonmembers.
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06-Jul-2009
The computation of non linear impulse response functions suggests that the system’s history, as well as the sign and magnitude of shocks, affect the current account’s responses to exogenous changes in income, government consumption and investment. In particular, responses to fiscal shocks depend on whether they are positive or negative and whether they follow periods of fiscal expansions or contractions.
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06-Jul-2009
Brazil, like other natural resource exporting countries, has benefited from a sharp increase in commodity prices over the last few years. To investigate the possible impact of terms of trade gains on the real economy, this paper estimates normalised quadratic input demand and output supply functions for the Brazilian economy during 1997-2008.
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28-May-2009
After several years of exceptional growth largely driven by overexpansion in real estate and construction, Estonia is now in a severe recession. This paper outlines Estonia’s current economic challenges, the trends and drivers of capital inflows, household debt accumulation and its implications, as well as options for improving the functioning of the housing finance market.
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11-May-2009
As Estonia entered recession in 2008, the unemployment rate almost doubled between the 2nd and the 4th quarter, and is expected to rise further in 2009 and 2010. More flexible labour markets will be a key adjustment mechanism during the recession as well as in the medium term if Estonia is to become a knowledge based economy.
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20-Apr-2009
Estonia grew faster than most emerging market economies during 2000-07, but it is now in a severe recession due to a collapse of domestic demand in the wake of the international financial crisis. The main challenge facing the policymakers is therefore to bring the economy quickly back to trend growth by re-orienting activity from serving domestic demand towards building up capacity to export.
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