1887

Euro Area

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Youth unemployment indicators appears in OECD Economic Surveys: United Kingdom.

World trade will recover and imbalances remain lower than before appears in OECD Economic Outlook, Volume 2009 Issue 1.

World trade slows while appears in OECD Economic Outlook: December No. 84 - Volume 2008 Issue 2.

French

World trade slows while appears in OECD Economic Outlook: June No. 83 - Volume 2008 Issue 1.

French
This paper analyses recent large movements in the yield spread for sovereign bonds as between Germany and other euro area countries. While the general increase in risk aversion that has characterised the financial crisis is an important factor on its own, it is found that this has also magnified the importance of fiscal performance, in particular as measured by the ratio of debt service to tax receipts and expected fiscal deficits. Moreover, there is evidence to suggest that such effects are non-linear, so that incremental deteriorations in fiscal performance lead to ever larger increases in the spread. These findings imply that financial market reaction could become an increasingly important constraint on fiscal policy for some countries, a feature which was much less apparent in the years prior to the financial crisis when general risk aversion was abnormally low.

Weight of food prices in CPI versus income in selected countries, 2007 appears in OECD Economic Surveys: Russia.

This paper investigates the determinants of money demand (M3) in the euro area. It specifically examines the potential impact of financial and housing wealth on money demand. It tests the hypothesis, whether wealth associated with increases in asset prices is used to finance liquidity holdings in a standard portfolio context. Regressing velocity on interest rates and a wealth variable (a composite of residential property and stocks) within an error-correction framework provides evidence of positive wealth effects from financial and housing assets on money demand in the long run, but no significant impact in the short run. Tests suggests that the long-run and dynamic money demand equations are stable and have not been disrupted by the adoption of the euro on 1 January 1999, while the impact of wealth on money demand may have increased ...

weak recovery from widespread recession appears in OECD Economic Outlook, Volume 2009 Issue 1.

Wage developments remain moderate appears in OECD Economic Outlook: December No. 84 - Volume 2008 Issue 2.

French

Wage developments remain moderate appears in OECD Economic Outlook: June No. 83 - Volume 2008 Issue 1.

French

Unit labour costs, manufacturing appears in OECD Economic Surveys: Norway - Volume 2008 Issue 13 -.

Unit labour costs have been kept under control appears in OECD Economic Surveys: Austria.

Unemployment rates: commonly used definitions appears in OECD Economic Outlook, Volume 2009 Issue 1.

Unemployment rates: commonly used definitions appears in OECD Economic Outlook: December No. 84 - Volume 2008 Issue 2.

French

Unemployment rates: commonly used definitions appears in OECD Economic Outlook: June No. 83 - Volume 2008 Issue 1.

French
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