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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.
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OECD Economic Outlook No. 75, chapter VI. A look at how stock market movements have affected government revenues in selected countries.
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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.
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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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OECD Economic Outlook No. 73, Chapter 4. Confidence is slowly returning to the telecommunications sector after the "boom and bust" years of the 1990s.
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Financial and housing wealth affects private consumption in a number of OECD countries. OECD Economic Studies No. 35.
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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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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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OECD Economic Outlook No. 71, Chapter 8. This chapter addresses a number of issues related to exchange market volatility and the potential effects of a "Tobin Tax".
This file includes web sites related to exchange rates, stock market, official interest rates, short- and long-term interest rates of US, Japan and euro area, interest rates of major countries.