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Based on an empirical analysis of private saving determinants, there is little evidence that consumers have responded to the unsustainable stock market boom during the late 1990s in the way standard estimates of wealth effects would have suggested. OECD Economic Studies No. 36.
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OECD Economic Outlook No. 73, Chapter 4. Confidence is slowly returning to the telecommunications sector after the "boom and bust" years of the 1990s.
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Financial and housing wealth affects private consumption in a number of OECD countries. OECD Economic Studies No. 35.
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Comments by OECD Chief Economist Jean-Philippe Cotis on the paper "How real is the Fear? Investigating the Balassa-Samuelson effect in CEC5 countries..." by M.A. Kovacs. Mr. Kovac's paper is attached as a related document.
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OECD Economic Outlook No. 72, Chapter 7. This chapter explores why inflation has remained so "sticky" in the large, slower-growing euro area economies, such as Germany.
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OECD Economic Outlook No. 71, Chapter 8. This chapter addresses a number of issues related to exchange market volatility and the potential effects of a "Tobin Tax".
This file includes web sites related to exchange rates, stock market, official interest rates, short- and long-term interest rates of US, Japan and euro area, interest rates of major countries.
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Chapter 4 of OECD Economic Outlook No. 70. Trends in saving and investment rates have emerged as an issue.
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OECD Economic Outlook No. 68, Chapter 6. This chapter examines the role of house prices in influencing private consumption and residential investment in OECD countries.
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Chapter 8 of the OECD Economic Outlook No. 67. Across the OECD area, many central banks are in the process of monetary policy tightening. Current high asset values are an additional and important part of the information set for policy decisions. In several countries, despite recent setbacks,equity market prices have reached heights that would have been considered most unlikely several years ago. More recently, real estate prices in