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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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24-December-1992

English, , 3,688kb

GREEN: a global model for quantifying the costs of policies to curb CO2 emissions

OECD Economic Studies No. 19, Winter 1992. By modeling the decisions of households and firms, applied general equilibrium (AGE) models are able to capture the economic mechanisms that link, in each period of time, the available resource base to man-made emissions of CO2. The OECD Economics Department has developed a global dynamic AGE model with the objective of quantifying the economic effects of policies aimed at reducing

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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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29-May-1992

English, , 196kb

What is households' non-market production worth?

The omission of household production from national accounts gives a grossly distorted picture of the magnitude, composition and trends of productive activities and of the distribution of incomes. Some approaches to a solution are provided. 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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10-November-1991

English, , 607kb

Real interest rate trends: the influence of saving, investment and other factors

An examination of factors underlying saving, investment and real interest rates over recent decades suggests that high real interest rates over recent decades suggests that high real interst rates may continue to prevail. Is this a cause for concern? OECD Economic Studies No. 17.

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