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The global recovery is becoming self-sustained and more broad-based but is taking place at different speeds across countries and regions. Tackling high unemployment, fiscal consolidation and global imbalances remain the key challenges, says OECD Secretary-General.
This paper critically reviews the current state of cross-country research on informality and discusses how existing data sources can be more effectively employed and extended to shed light on the link between public policies and informality.
Gross domestic product (GDP) in the OECD area continued to grow at a rate of 0.5% in the first quarter of 2011 despite a continued contraction in Japan and slower growth in the United States as growth in most major European economies and Canada accelerated strongly.
This paper provides new empirical results linking financial and housing wealth to household consumption for the United States, Japan and the euro area.
Housing policies in France are designed to meet several objectives. They consist primarily in ensuring that all households have housing that corresponds to their needs and financial means.
This paper develops a method for adjusting structural budget balances for asset price cycles and presents estimates of structural budget balances corrected for house-price and equity-price cycles for OECD countries.
A well-functioning housing market is essential for economic prosperity and well-being.
Consumer prices in the OECD area rose by 2.9% in the year to April 2011, compared with 2.7% in March - the highest rate since October 2008.
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General assessment from Economic Outlook No. 89, May 2011.
English, , 206kb
Increasing international capital flows can support long-term income growth through a better international allocation of saving and investment.