Latest Documents


17-December-2004

English, , 177kb

Oil price developments: drivers, economic consequences and policy responses, OECD Economic Outlook No. 76, ch. IV

OECD Economic Outlook No. 76, chapter IV. The oil price has more than doubled in dollar terms since the late 1990s, while increasing substantially, though somewhat less, in terms of the other major currencies. The chapter begins by investigating the fundamentals driving longer-term oil market developments and the implications for the long-run equilibrium price. It then identifies short-term influences which may have caused risk

22-October-2004

English

Improving the Capacity to Innovate in Germany (Economics Department Working Paper 407)

Key indicators show Germany belonging to the countries in the OECD with strong innovation activity even though some weakening in Germany’s position relative to other OECD countries has occurred recently, as discussed in this working paper.

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1-June-2004

English, , 180kb

Housing markets, wealth and the business cycle, OECD Economic Outlook No. 75, ch. IV

Chapter IV of the OECD Economic Outlook No. 75. Buoyant house prices give a greater boost to consumer spending in countries with more diversified mortgage markets. But distortions to the housing market, such as tax breaks, should be avoided to counter excessive price volatility.

1-June-2004

English, , 243kb

Asset price cycles, "one-off" factors and structural budget balances, OECD Economic Outlook No. 75, ch. VI

OECD Economic Outlook No. 75, chapter VI. A look at how stock market movements have affected government revenues in selected countries.

1-June-2004

English, , 189kb

The challenges of narrowing the US current account deficit, OECD Economic Outlook No. 75, ch. V

OECD Economic Outlook No. 75, chapter V. Narrowing the large current account deficit would require major changes to exchange rates, to fiscal policy or to the competitiveness of US exports - all of which would impose costs on the US and its on trading partners.

2-June-2003

English, , 243kb

The decline in private saving rates in the 1990s in OECD countries: How much can be explained by non-wealth determinants?

Based on an empirical analysis of private saving determinants, there is little evidence that consumers have responded to the unsustainable stock market boom during the late 1990s in the way standard estimates of wealth effects would have suggested. OECD Economic Studies No. 36.

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20-May-2003

English, , 102kb

After the telecommunications bubble, EO73 ch.4

OECD Economic Outlook No. 73, Chapter 4. Confidence is slowly returning to the telecommunications sector after the "boom and bust" years of the 1990s.

15-May-2003

English, , 237kb

The stock market, the housing market and consumer behaviour

Financial and housing wealth affects private consumption in a number of OECD countries. OECD Economic Studies No. 35.

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13-May-2003

English, , 16kb

Chief Economist JP Cotis comments on Balassa-Samuelson effect in CEC5 countries

Comments by OECD Chief Economist Jean-Philippe Cotis on the paper "How real is the Fear? Investigating the Balassa-Samuelson effect in CEC5 countries..." by M.A. Kovacs. Mr. Kovac's paper is attached as a related document.

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12-December-2002

English, , 54kb

Inflation persistence in the euro area - EO72 ch. 7

OECD Economic Outlook No. 72, Chapter 7. This chapter explores why inflation has remained so "sticky" in the large, slower-growing euro area economies, such as Germany.

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