Working Papers


  • 27-July-2010

    English

    Are global imbalances sustainable? Post-crisis scenarios

    This paper assesses the sustainability of global imbalances by testing for the presence of unit roots in the current account positions of the United States, China, Japan, Germany and the oil-exporting countries using a methodology that allows for structural breaks in levels and trends.

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  • 22-July-2010

    English, , 536kb

    The Impact of the Financial Crisis on Defined Benefit Plans and the Need for Counter-Cyclical Funding Regulations, OECD Working Paper on Finance, Insurance and Private Pensions No.3

    This paper discusses the impact of the crisis on defined benefit (DB) pension schemes and the temporary responses taken by regulators to help ease financially strained plan sponsors. It presents suggestions to governments and policy makers for making funding regulations more counter-cyclical in nature. Such measures could strengthen the security of DB benefits and help to maintain DB plans for future workers.

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  • 22-July-2010

    English

    European Union: Catching up and inflation: Balassa-Samuelson, Engel’s law and other culprits

    This study analyses the impact of economic catching up on annual inflation rates in the European Union with a special focus on the new member countries of Central and Eastern Europe.

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  • 22-July-2010

    English

    Poland: Preparing for euro adoption

    The paper focuses on the major structural reforms necessary to prepare for euro adoption that should allow a sustainable fulfilment of the Maastricht criteria and maximisation of the ensuing various benefits.

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  • 5-July-2010

    English

    The German Banking System: Lessons from the Financial Crisis

    The German banking system came under pressure during the financial crisis, not least due to its significant exposure to toxic assets which originated in the US. In the short run, the stability of the system has been achieved, as discussed in this working paper.

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  • 5-July-2010

    English

    Gauging the impact of higher capital and oil costs on potential output

    Higher oil prices and the prospect of higher borrowing costs are likely to reduce the productive potential of OECD economies. The present study provides illustrative numerical estimates of the impact under different scenarios using a stylised model based on a production function.

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  • 17-June-2010

    English

    Enhancing Financial Stability Through Better Regulation in Hungary

    The global crisis exposed weaknesses in the Hungarian financial system that pose risks to financial stability, as discussed in this working paper.

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  • 11-June-2010

    English

    Israel: Monetary and Fiscal Policy

    Monetary policy and inflation prospects are broadly sound in Israel, but significant challenges remain for fiscal policy in reducing public debt, as discussed in this working paper.

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  • 7-June-2010

    English, , 488kb

    Assessing Default Investment Strategies in Defined Contribution Pension Plans, OECD Working Paper on Finance, Insurance and Private Pensions No.2

    This paper assesses the relative performance of different investment strategies for different structures of the payout phase.

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  • 1-June-2010

    English

    Can emerging asset price bubbles be detected?

    Bayesian Model Averaging techniques are used to analyse how robustly it is possible to identify factors that may lead to the bursting of asset price bubbles in OECD economies.

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