Latest Documents


16-December-1998

English, , 41kb

Recent equity market developments and implications, EO64 ch.5

Ch. 5 of OECD Economic Outlook No. 64. This chapter addresses the nature of the third quarter drop compared with previous such episodes, outlines some benchmarks against which current levels of equity prices can be measured and assesses the implications of declines in equity pric

22-December-1995

English, , 584kb

15-December-1995

English, , 619kb

Establishing financial discipline: experience with bankcruptcy legislation in Central and Eastern European countries

A major challenge of economic transition in central and eastern European countries is creating the institutional framework crucial to market operation. OECD Economic Studies No. 25.

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18-June-1994

English, , 524kb

Monetary policy credibility and price uncertainty: the New Zealand experience of inflation targeting

This articles assesses the contributions to price-related uncertainty in New Zealand arising from the legislation of anti-inflation policies and the introduction of inflation targets. OECD Economic Studies No. 22.

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29-May-1992

English, , 697kb

Institutional commitments and policy credibility: a critical survey and empirical evidence from the ERM

There is little evidence that so-called "credibility effects" have altered the trade-off between inflation and employment for countries that have adhered to the exchange rate mechanism of the European Monetary System. OECD Economic Studies No. 18.

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10-November-1991

English, , 389kb

Stock market volatility in OECD countries: recent trends, consequences for the real economy, and proposals for reform

Econometric testing suggests that the trend towards increasing volatility of equity prices has not had strong effects on economic activity. OECD Economic Studies No. 17.

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