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News & Events
News
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03-Nov-2009
This paper discusses the policy imperatives in the short term, in the face of the ongoing economic crisis, and reforms that could be implemented over the longer term to improve the efficiency and resilience of the financial system and raise Russia’s potential growth rate.
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03-Nov-2009
While Mexico’s growth performance has gradually improved over the past decades, its convergence toward OECD countries has been less rapid than in several other emerging markets.
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29-Oct-2009
The collapse in world trade volumes at the end of 2008 and beginning of 2009 was exceptional by historical standards. This paper shows that world demand (to which trade has become more responsive in recent decades) can explain most of the collapse in world trade, but that tight credit conditions have likely amplified the short-term trade response.
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16-Oct-2009
Monetary and fiscal policies face huge challenges: the banking sector has collapsed; the economy is in the midst of a deep recession; the exchange rate has plunged; capital flows have been frozen; inflation is elevated; public debt has risen; source of revenues have disappeared; social needs have increased; and the unemployment insurance fund has been nearly depleted.
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24-Aug-2009
The self-regulating capacity of price-level targeting can be undermined if central banks are not fully credible. Besides, aggressive inflation targeting can replicate some of (but not all) the benefits of price-level targeting. On balance, the case for adopting price-level targeting is not clear-cut, all the more so since transition costs are likely to be significant.
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15-Oct-2008
OECD welcomes the co-ordinated efforts of political leaders and financial authorities to address issues of liquidity, solvency and recapitalisation of the financial system. Looking beyond crisis management, Mr Gurría said the OECD will focus on the structural implications of the financial crisis, including a more holistic culture of risk management, compensation issues, accountable management, and more effective regulation. “We will also make proposals for improved financial education and risk awareness to restore the confidence of consumers of financial services,” he added.
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Economic Survey of Ireland 2009
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