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The prospective normalisation of monetary policies in the main OECD areas will be challenging given that current policy rates are likely to be significantly below neutral levels and that central bank balance sheets will be above the pre-crisis levels by a wide margin.
This study reviews the existing literature on the link between economic policies and economic stability at the firm and household level. Based on firm-level and household-level data for a wide range of OECD countries, it also provides preliminary results on sources and patterns of microeconomic volatility.
The Korean innovation system is in many ways highly developed and has helped to underpin Korea’s rapid industrialisation. However, long-standing policy emphases on manufacturing and large firms are today in question. Structural problems - such as the relatively weak innovation performance of SMEs, a lagging services sector and limited domestic job creation among the industrial conglomerates - have led to a shift in policy
We are talking about two very different regions, in historic, economic and social terms, but both regions are in great need of structural reforms and they can learn a lot from one another. In today’s globalised and increasingly interconnected world, the common challenges and threats we face demand common solutions.
OECD GDP rose by 0.4% in the first quarter of 2014, but with large diverging patterns across countries
By participating more effectively in the global production of goods and services, Africa can transform its economy and achieve a development breakthrough, according to the latest African Economic Outlook, released at the African Development Bank Group’s Annual Meetings.
The next NERO/OECD meeting takes place on 16 June 2014. NERO is a network of National Economic Research Organisations which exchanges information, discusses evolving research agendas and identifies new issues. The OECD acts as a facilitator in this process, and hosts meetings of NERO representatives.
Composite leading indicators point to weakening growth in major emerging economies but stable growth momentum in most OECD countries
“Our experience has shown that reforms are usually enacted in times of crisis, as there may be no other option,” said OECD Secretary-General Angel Gurría during the Survey launch in Berlin. “However, reform processes should continue in good times. For Germany, this means that the country should act now to embark on a more inclusive and resilient growth path.”
Building on the success of past reforms, Germany should continue to further wellbeing by improving financial sector resilience, strengthening productivity in services and making economic growth more inclusive and green.