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  • 9-March-2005

    English, , 338kb

  • 17-December-2004

    English, , 177kb

    Oil price developments: drivers, economic consequences and policy responses, OECD Economic Outlook No. 76, ch. IV

    OECD Economic Outlook No. 76, chapter IV. The oil price has more than doubled in dollar terms since the late 1990s, while increasing substantially, though somewhat less, in terms of the other major currencies. The chapter begins by investigating the fundamentals driving longer-term oil market developments and the implications for the long-run equilibrium price. It then identifies short-term influences which may have caused risk

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  • 17-December-2004

    English, , 125kb

    Saving behaviour and the effectiveness of fiscal policy, OECD Economic Outlook No. 76, ch. V

    OECD Economic Outlook No. 76, chapter V. Fiscal policy has been used as an antidote to weak activity during the most recent downturn and fiscal consolidation has been delayed in some countries because of its perceived costs in terms of lower activity. However, the impact of fiscal policy on aggregate demand depends on the responses of private saving to changes in fiscal stance. In certain circumstances budget deficit shifts can be

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  • 1-June-2004

    English, , 140kb

    Enhancing income convergence in Central Europe after EU accession, OECD Economic Outlook No. 75, ch. VII

    OECD Economic Outlook No. 75, ch. VII. After nearly fifteen years of transition, the countries of Central Europe have entered the European Union on 1 May 2004. This chapter examines the consequences of this event for the four acceding countries that are members of the OECD (Czech Republic, Hungary, Poland and Slovak Republic).

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  • 1-June-2004

    English, , 180kb

    Housing markets, wealth and the business cycle, OECD Economic Outlook No. 75, ch. IV

    Chapter IV of the OECD Economic Outlook No. 75. Buoyant house prices give a greater boost to consumer spending in countries with more diversified mortgage markets. But distortions to the housing market, such as tax breaks, should be avoided to counter excessive price volatility.

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  • 1-June-2004

    English, , 243kb

    Asset price cycles, "one-off" factors and structural budget balances, OECD Economic Outlook No. 75, ch. VI

    OECD Economic Outlook No. 75, chapter VI. A look at how stock market movements have affected government revenues in selected countries.

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  • 1-June-2004

    English, , 189kb

    The challenges of narrowing the US current account deficit, OECD Economic Outlook No. 75, ch. V

    OECD Economic Outlook No. 75, chapter V. Narrowing the large current account deficit would require major changes to exchange rates, to fiscal policy or to the competitiveness of US exports - all of which would impose costs on the US and its on trading partners.

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  • 7-January-2004

    English, , 201kb

    Fiscal stance over the cycle: the role of debt, institutions, and budget constraints, EO74 ch.4

    OECD Economic Outlook No. 74, Chapter 4. This chapter describes the extent to which fiscal policy has been a stabilising or destabilising influence on economic activity in the OECD area over the last two decades.

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  • 7-January-2004

    English, , 167kb

    Enhancing the cost effectiveness of public spending, EO74 ch.6

    OECD Economic Outlook No. 74, Chapter 6. Curbing the growth in public spending and raising its effectiveness require reforms to the budget process, public management process and greater use of market signals.

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  • 7-January-2004

    English, , 178kb

    Fiscal relations across levels of government, EO74 ch.5

    OECD Economic Outlook No. 74, Chapter 5. This chapter, largely based on country experiences, provides a framework for assessing fiscal relations across levels of government.

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