Latest Documents


12-January-2012

English

The nature of financial and real business cycles: the great moderation and banking sector pro-cyclicality

This paper takes a fresh look at the nature of financial and real business cycles in OECD countries using annual data series and shorter quarterly and monthly economic indicators.

12-January-2012

English

Fiscal consolidation: Part 1. How much is needed and how to reduce debt to a prudent level?

The economic and financial crisis was the catalyst for a fiscal crisis that engulfs many OECD countries. In most countries, budget deficits soared as a result of the economic slump, weaker revenues and the policy response to the crisis.

2-January-2012

English

Explaining the interest-rate-growth differential underlying government debt dynamics

The differential between the interest rate paid to service government debt and the growth rate of the economy is a key concept in assessing fiscal sustainability.

12-December-2011

English

25-November-2011

English

Reassessing the NAIRUs after the crisis

The financial crisis has resulted in a substantial increase in unemployment in the OECD.

31-October-2011

English

Bold G20 action needed to rebuild confidence amid weak economic growth, says OECD’s Gurría

Bold decisions are needed from the G20 leaders meeting in Cannes this week to get the global economy back on track, said OECD Secretary-General Angel Gurría.

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