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The financial crisis revealed flaws in pre-crisis policy frameworks.
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.
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 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.
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.
English, , 400kb
Discussions at this conference focused on how financial reforms should provide a better, sustainable balance between stability and growth and how measures to strengthen the savings-investment channel should foster sustainable growth and development.
Statement by Secretary-General Angel Gurría at the occasion of the OECD-WB Conference on challenges and policies for promoting inclusive growth, 24-25 March 2011 at OECD, Paris.
Homeownership rates have increased significantly in many OECD countries over recent decades.
Chinese, , 2,272kb
English, , 1,741kb
This paper depicts the rapid development and transformation of the Chinese economy so far and discusses how to sustain vigorous and inclusive growth.