More than a decade after Chile moved from a public pay-as-you-go to a private funded pension system, seven more countries in Latin America have reformed their pension systems. This study provides a detailed description of all second-generation pension reforms in Latin America to date, evaluates the first years of operations of the new systems and outlines the problems and challenges which the systems are still facing. The basic common
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What have been the real long-term interest rates in term of developments in low-frequency and high-frequency economic factors in a multi-country framework, since the early-1980s for 17 OECD countries? OECD Economic Studies No. 25.
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This paper addresses the issue of whether financial liberalisation has led to improved welfare. OECD Economic Studies No. 25.
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A major challenge of economic transition in central and eastern European countries is creating the institutional framework crucial to market operation. OECD Economic Studies No. 25.
Given their ageing populations, OECD countries are beginning to re-examine the balance between public and private provisions for income in retirement. There is considerable interest in increasing the contribution from private sources. However, wh...
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What are the benefits - and costs - of zero inflation? OECD Economic Studies No. 23.
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This articles assesses the contributions to price-related uncertainty in New Zealand arising from the legislation of anti-inflation policies and the introduction of inflation targets. OECD Economic Studies No. 22.
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What are the indications for countries entering into the European Monetary Union? OECD Economic Studies No. 20.
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What is the relationship between inefficient share pricing and investment? OECD Economic Studies No. 20.
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There is little evidence that so-called "credibility effects" have altered the trade-off between inflation and employment for countries that have adhered to the exchange rate mechanism of the European Monetary System. OECD Economic Studies No. 18.