Working Papers


  • 29-May-2015

    English

    Incorporating anchored inflation expectations in the Phillips Curve and in the derivation of OECD measures of equilibrium unemployment

    This paper compares two competing empirical specifications across all OECD economies, where competing specifications correspond to the 'former' and 'new' specification for deriving measures of the unemployment gap which underlie the OECD’s Economic Outlook projections.

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  • 17-October-2014

    English

    Investment gaps after the crisis

    The downturn in fixed investment among advanced economies from the onset of the global crisis was unusually severe, widespread and long-lasting relative to comparable episodes in the past. As a result, investment gaps are large in many countries, not only in relation to past norms but also relative to projected future steady-state levels, with a gap of 2 percentage points of GDP or more in several countries.

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  • 2-July-2014

    English

    An update of the OECD international trade equations

    This paper provides a detailed description of recent research to re-estimate and re-specify the international trade volume and price equations that are used in the OECD Economics Department to analyse and project international trade developments.

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  • 22-April-2014

    English

    New evidence on the determinants of industrial specialisation

    Industrial specialization has important implications for economic performance; therefore, understanding its determinants is of key policy relevance.

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  • 22-April-2014

    English

    Economic growth from the household perspective: GDP and income distribution developments across OECD countries

    This paper provides an assessment of how households’ income has fared compared with GDP. While the prime focus is on incomes around the median, attention is paid also to the bottom of the income distribution.

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  • 3-April-2014

    English

    Short-term indicator models for quarterly GDP growth in the BRIICS: a small-scale bridge model approach

    This paper extends the OECD Economics Department’s suite of short-term indicator models for quarterly GDP growth, which currently cover only the G7 countries, to the BRIICS countries.

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  • 24-March-2014

    English

    OECD forecasts during and after the financial crisis: a post mortem

    This paper assesses the OECD’s projections for GDP growth and inflation during the global financial crisis and recovery, focussing on lessons that can be learned.

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  • 14-March-2013

    English

    Policy options to durably resolve euro area imbalances

    A simple econometric framework is presented linking current account balances of euro area countries to intra and extra euro area competitiveness, cyclical positions, fiscal positions and the oil price.

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  • 6-March-2013

    English

    The price of oil – will it start rising again?

    Following a sharp drop amidst the global economic crisis and a subsequent recovery, the spot price of crude oil has been broadly stable for the past couple of years. This paper discusses the factors that drive oil demand and supply and, hence, the price of the resource.

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  • 19-September-2012

    English

    Current account benchmarks for Turkey

    Turkey’s current account deficit widened to almost 10% of GDP in 2011 and has been narrowing only gradually since. An important question is to what extent Turkey’s current account deficit is excessive.

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