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Composite leading indicators (CLIs) designed to anticipate turning points in economic activity relative to trend, point to a mild loss of growth momentum in most major economies for April 2011.
The Indian economy has been catching up but sustaining high growth requires further reforms. Fiscal policy needs to be strengthened and spending on subsidies reformed to promote more inclusive growth. The government is committed to building on financial sector reforms.
This paper reviews the main monthly indicators that could help forecasting world trade and compares different type of forecasting models using these indicators.
Sub-central tax competition is the strategic interaction of tax policy between jurisdictions with the objective to attract and retain mobile tax bases.
This paper assesses empirically whether or not current account reversals have permanent growth effects and the role of macroeconomic policies in this process.
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.