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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
Key indicators show Germany belonging to the countries in the OECD with strong innovation activity even though some weakening in Germany’s position relative to other OECD countries has occurred recently, as discussed in this working paper.
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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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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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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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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.