La stagnation séculaire désigne une situation dans laquelle les taux d’intérêt directeurs nuls ne parviennent pas à stimuler suffisamment la demande, en raison de taux d’intérêts réels neutres bas ou négatifs et d’une inflation faible, conjugués à une croissance durablement atone qui affaiblit la croissance potentielle via des effets d’hystérèse sur le marché du travail et un investissement découragé.
Le ralentissement conjoncturel de l'investissement fixe dans les économies avancées depuis le début de la crise économique mondiale a été exceptionnellement défavorable, répandu et persistant par rapport à des épisodes comparables ayant eu lieu dans le passé.
This paper analyses the effects of government policies on flows of private finance for investment in renewable energy. It also examines whether direct provision of public finance for a project increases the volume of private finance raised. The analysis covers 87 countries, six renewable energy sectors (wind, solar, biomass, small hydropower, marine and geothermal).
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The infrastructure financing market has gone through a process of radical transformation starting from the mid-2000s. This article provides an overview of international trends in infrastructure finance. It proposes a map of the different investment channels that private investors can use to access the infrastructure investment on the equity and debt side, highlighting the historical evolution of these segments in the past few years.
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This article summarises discussions from an OECD Financial Roundtable on reducing bank dependence in financing small-and medium-sized enterprises (SMEs) and non-bank debt financing alternatives.
Six years into the crisis and a robust recovery is still distant. The global economy is continuing to expand at a moderate and uneven pace. International trade, global investment and credit are still hesitant. The threat of so-called ‘secular stagnation’ remains high, especially in Europe.
As a result of continued policy support and favourable financial conditions, global growth is expected to be somewhat more vigorous in the latter part of 2014 and into 2015. Nonetheless, the OECD’s recent Interim Assessment has revised growth projections downwards for most major economies as the recovery is turning out to be weaker than expected.
2-3 October 2014, Swakopmund, Namibia: This event focused on the pension reform process in Africa, tax and the financial incentives that affect savings in complementary private pensions, and the role of pension funds in long-term investment financing and capital market development.
As the Millennium Development Goals (MDGs) approach their expiry date, we must focus our efforts on ensuring a brighter, more inclusive and sustainable future for all. We face a plethora of common issues: growing inequalities; changing consumption patterns and population dynamics; increasing natural resource scarcity; and ongoing illicit financial flows.
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Bribery is a threat to good governance, sustainable economic development, democracy and people’s welfare. The corrosive effects of bribery can spread across borders, affecting economies and societies everywhere. The ability to address bribery, both domestically and internationally, is impaired by a lack of transparency, accountability and integrity in the public and private sectors.