What drives inflation in the major OECD economies?

This paper presents an empirical analysis of the determinants of inflation in the United States, Japan, the euro area and the United Kingdom, focusing on the role of resource utilisation, inflation expectations, inflation persistence and imported inflation.

Mitigation potential of removing fossil fuel subsidies: a general equilibrium assessment

Quoting a joint analysis made by the OECD and the IEA, G20 Leaders committed in September 2009 to “rationalize and phase out over the medium term inefficient fossil fuel subsidies that encourage wasteful consumption”.

Global imbalances, exchange rate pegs and capital flows: a closer look

This paper presents a stylised model in which either a savings glut or an exchange rate peg in emerging economies drives down the level of interest rates in advanced economies and, when it hits the zero-rate bound, produces a welfare loss.

Interest rate pass-through during the global financial crisis: the case of Sweden

Interest rate pass-through during the global financial crisis: the case of SwedenA stable relationship between monetary policy rates and bank lending and deposit rates faced by consumers and companies is essential for the effective transmission of monetary policy decisions.

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• Economic Survey of Sweden 2011

Economic Survey of France 2011

Cutting the public deficit through a stricter budgeting framework and improving the housing market with taxation and funding reforms are among the recommendations in the OECD’s latest Economic Survey of France.

FRANCE: Clean break needed to stop worsening public finances

Cutting the public deficit through a stricter budgeting framework and improving the housing market with taxation and funding reforms are among the recommendations in the OECD’s latest Economic Survey of France.

Composite Leading Indicators (CLIs), OECD, April 2011

Composite leading indicators (CLIs) for February 2011, designed to anticipate turning points in economic activity relative to trend, continue pointing to expansion in most OECD countries.

Quarterly National Accounts - Contributions to GDP growth - Fourth Quarter 2010, OECD

Real GDP in the OECD area grew by 0.5% in the fourth quarter of 2010. Net exports and private consumption were the main contributors partly offset by an unwinding of inventories.

Enhancing labour utilisation in a socially inclusive society in Australia

Australia faces the mutually reinforced challenges of boosting labour supply and promoting social inclusion. Labour underutilisation is especially prevalent among groups such as lone parents, people with disability, and Indigenous Australians.

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• Economic Survey of Australia 2010

Economic Policy Reforms: Going for Growth 2011

Going for Growth 2011 takes stock of recent progress in implementing policy reforms to improve labour productivity and utilisation that were identified as priorities in the 2010 edition.

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• Economic Policy Reforms: Going for Growth 2010