Discussions about the current crisis often present events in a sequence, such as that the US sub-prime crisis in August 2007 triggered a major inter-bank credit crisis, which transformed itself into a general credit crisis, the latter having an impact on the real economy and overall business and consumer confidence. However, some commentators have made reference to other explanations, more linked to the evolution of economic
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This paper covers two important topics resulting from the recent release of the OECD System of Unit Labour Cost and Related Indicators database. The first section of the paper explores differences between productivity measures produced in the Statistics Directorate. The OECD System of Unit Labour Cost and Related Indicators database was developed in response to concerns from the international community of economic analysts on the
Statistics Working Paper N. 26 - 2008/4 - This paper outlines in detail the methodology and statistical processes used for compiling the outputs of the OECD System of Unit Labour Cost and Related Indicators. This new System has been developed by the OECD in response to concerns from the international community of economic analysts on the limited availability of internationally comparable data concerning labour costs, particularly in
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This paper presents a preliminary data comparison between Unit Labour Cost indicators as compiled by the OECD (Short-Term Economic Statistics Division) and the United Staters Bureau of Labor Statistics.
Describes methodology and data sources used for the OECD System of Unit Labour Cost Indicators. Updated in real time.
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Statistics Working Paper N. 10 - 2004/1. This paper presents a new classification of atypical working arrangements, developed by Istat, the Italian Statistical Institute.
Statistics Working Paper N 8 - 2003/5 - This paper examines how measurement problems affect international comparisons of labour productivity. It suggests that these measurement problems do not significantly affect the assessment of aggregate productivity patterns in the OECD area. However, these problems do influence the more detailed assessment of productivity growth, notably the role of specific sectors and demand components in