Structural change and the current account: the case of Germany

31-Jan-2012

Fabrizio Coricelli and Andreas Wörgötter

Using empirical evidence from panel analysis of current account dynamics and of bilateral trade balances, the paper argues that the large German current account surplus during the 2000s can be explained by an increasing gap between productivity growth in manufacturing vis-à-vis services.

Reforming education in England

31-Jan-2012

Henrik Braconier

Despite significant increases in spending on child care and education during the last decade, PISA scores suggest that educational performance remains static, uneven and strongly related to parents’ income and background.

Russia: progress in structural reform and framework conditions

02-Jan-2012

Yana Vaziakova, Geoff Barnard and Tatiana Lysenko

In the 16 years since the OECD began conducting Economic Surveys of the Russian Federation, a great many policy recommendations relating to structural reform and framework conditions have been made.

Fiscal prospects and reforms in India

07-Dec-2011

Richard Herd, Sam Hill and Vincent Koen

Substantial fiscal consolidation was achieved under the aegis of the 2003 Fiscal Responsibility and Budget Management Act.

Structural reforms to reduce unemployment and restore competitiveness in Ireland

07-Dec-2011

Álvaro Pina

After a recession of historic proportions, an export-led recovery is gaining traction in Ireland. The pace of recovery, however, varies sharply across sectors.

The demand for safe assets in emerging economies and global imbalances: new empirical evidence

27-Oct-2011

Rudiger Ahrend and Cyrille Schwellnus

Mismatches between the supply and the demand of safe financial assets in fast-growing emerging countries have been singled out by economic theory as drivers of international capital flows and, ultimately, global current account imbalances.

Drivers of systemic banking crises: the role of bank-balance-sheet contagion and financial account structure

27-Oct-2011

Rudiger Ahrend and Antoine Goujard

This paper examines whether the composition of a country’s external liabilities and assets has an incidence on its risk of suffering financial turmoil.

Japan's New Growth Strategy to create demand and jobs

13-Sep-2011

Randall S. Jones and Byungseo Yoo

The New Growth Strategy aims to create demand and jobs through regulatory reform and fiscal measures.

Can India achieve double-digit growth?

28-Jul-2011

Richard Herd, Paul Conway, Sam Hill, Vincent Koen and Thomas Chalaux

In recent years, India has enjoyed one of the highest growth rates worldwide, weathering the global financial crisis better than many other countries.

A dynamic factor model for world trade growth

06-Jun-2011

Stéphanie Guichard and Elena Rusticelli

This paper reviews the main monthly indicators that could help forecasting world trade and compares different type of forecasting models using these indicators.