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  • 20-August-2013

    English

    Japan's challenging debt dynamics

    This working paper presents the background and the details of the simulations behind Box 1.4 of the May 2013 OECD Economic Outlook. A small simulation model is used to evaluate the contribution that the three pillars of the government’s strategy – fiscal consolidation, growth-boosting structural reforms and higher inflation – could make to reversing the rise in Japan’s public debt ratio.

  • 20-August-2013

    English

    The economics of civil justice: new cross-country data and empirics

    Combining existing information with a newly collected dataset, the paper develops indicators of the performance and the institutional characteristics of OECD judicial systems.

  • 19-August-2013

    English

    Transitions in and out of unemployment among young people in the Irish recession

    Young people have been hit hard by unemployment during the Irish recession. While much research has been undertaken to study the effects of the recession on overall labour market dynamics, little is known about the specific effects on youth unemployment and the associated challenges.

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  • 12-August-2013

    English

    The benefits and costs of highly expansionary monetary policy

    How far to go – and to remain – in the direction of highly expansionary monetary policy hinges on the balance of marginal benefits and costs of additional monetary easing and its expected evolution over time. This paper sketches a framework for assessing this balance and applies it to four OECD economic areas: the euro area, Japan, the United Kingdom and the United States.

  • 12-August-2013

    English

    The effectiveness of monetary policy since the onset of the financial crisis

    In the wake of the Great Recession, a massive monetary policy stimulus was provided in the main OECD economies. It helped to stabilise financial markets and avoid deflation. Nonetheless, GDP growth has been sluggish and in some countries lower than expected given the measures taken, and estimated economic slack remains large.

  • 8-August-2013

    English

    Composite Leading Indicators (CLIs), OECD, August 2013

    Composite leading indicators (CLIs) continue to signal diverging growth patterns across major economies. The CLIs point to moderate improvements in growth in most major OECD countries but stabilising or slowing momentum in large emerging economies.

  • 6-August-2013

    English

    Is there convergence of Russia’s regions? Exploring the empirical evidence: 1995–2010

    This paper analyses convergence in per capita gross regional product of Russia’s regions during the period 1995-2010, when regional data are available.

  • 5-August-2013

    English

    Responding to key well-being challenges in Austria

    Important challenges for the future of Austrian well-being arise from demographic and environmental trends. The ageing of the population calls for a fair balance between life-time pension contributions and entitlements, drawing on the recent pension reform.

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  • 5-August-2013

    English

    Austria’s well-being goes beyond GDP

    Austria enjoys strong material well-being and high quality of life. Steady convergence with top GDP per capita levels translated into decisive improvements in household disposable incomes while significant redistribution has ensured low income inequality and poverty.

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  • 5-August-2013

    English

    Improving fiscal federal relations for a stronger Mexico

    Mexico has achieved a high degree of decentralisation in public services, but the Mexican fiscal federal system has important shortcomings. States and municipalities have become heavily dependent on federal transfers to finance a growing share of public spending.

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