Publications & Documents


10-October-1992

English, , 2,110kb

The Chinese economic area: economic integration without a free trade agreement

Economics Department Working Paper 124. This paper describes the de facto economic integration taking place between China, Hong Kong China and Chinese Taipei - the "Chinese Economic Area" - and analyses basic factors underlying the process. Even in the face of weak economic performance in OECD countries the integration has helped underpin rapid growth in all three economies, particularly in China's south-eastern provinces. If Chinese

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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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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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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20-November-1990

English, , 2,138kb

Monetary policy in liberalised financial markets

The rapide progress of financial market deregulation has been accompanied by new and longer-run challenges for monetary policy. OECD Economic Studies No. 15.

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20-November-1990

English, , 2,398kb

Portfolio effects and the position of the dollar in exchange markets

A flow measure suggests that the growth of global portfolios could continue to translate into an important demand for new dollar assets, albeit not sufficient to cover fully the expected financing need. OECD Economic Studies No. 15.

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21-June-1990

English, , 411kb

8-November-1989

English, , 341kb

Quantifying agricultural policies in the WALRAS model

What are the broad magnitudes of the efficiency, income distribution and welfare effects of current OECD agricultural policies? OECD Economic Studies No. 13.

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