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Ch. 5 of OECD Economic Outlook No. 64. This chapter addresses the nature of the third quarter drop compared with previous such episodes, outlines some benchmarks against which current levels of equity prices can be measured and assesses the implications of declines in equity pric
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What have been the real long-term interest rates in term of developments in low-frequency and high-frequency economic factors in a multi-country framework, since the early-1980s for 17 OECD countries? OECD Economic Studies No. 25.
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This paper addresses the issue of whether financial liberalisation has led to improved welfare. OECD Economic Studies No. 25.
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A major challenge of economic transition in central and eastern European countries is creating the institutional framework crucial to market operation. OECD Economic Studies No. 25.
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What are the benefits - and costs - of zero inflation? OECD Economic Studies No. 23.
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This articles assesses the contributions to price-related uncertainty in New Zealand arising from the legislation of anti-inflation policies and the introduction of inflation targets. OECD Economic Studies No. 22.
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What are the indications for countries entering into the European Monetary Union? OECD Economic Studies No. 20.
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What is the relationship between inefficient share pricing and investment? OECD Economic Studies No. 20.
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There is little evidence that so-called "credibility effects" have altered the trade-off between inflation and employment for countries that have adhered to the exchange rate mechanism of the European Monetary System. OECD Economic Studies No. 18.
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Econometric testing suggests that the trend towards increasing volatility of equity prices has not had strong effects on economic activity. OECD Economic Studies No. 17.