OECD Economics Department Working Papers

Effects of Economic Policies on Microeconomic Stability
ISSN :
1815-1973 (online)
DOI :
10.1787/18151973
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Working papers from the Economics Department of the OECD that cover the full range of the Department’s work including the economic situation, policy analysis and projections; fiscal policy, public expenditure and taxation; and structural issues including ageing, growth and productivity, migration, environment, human capital, housing, trade and investment, labour markets, regulatory reform, competition, health, and other issues.

The views expressed in these papers are those of the author(s) and do not necessarily reflect those of the OECD or of the governments of its member countries.

 
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Page: 1 (N° 1201) , 2 (N° 1150) , 3 (N° 1100) … 24 (N° 48) | Next
Mark Number Date TitleClick to Access
  N° 1201   01 Apr 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js3f5cwj3jb.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/effects-of-economic-policies-on-microeconomic-stability_5js3f5cwj3jb-en
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Effects of Economic Policies on Microeconomic Stability
Boris Cournède, Paula Garda, Volker Ziemann
Economic policies shape how much people earn as well as how stable their income and jobs are. The level and stability of earnings both matter for well-being. Standard economic aggregates do not measure accurately the economic uncertainty which households are facing. This paper shows that...
  N° 1200   31 Mar 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js3f5d3n2vl.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/the-2013-update-of-the-oecd-s-database-on-product-market-regulation_5js3f5d3n2vl-en
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The 2013 update of the OECD's database on product market regulation
Isabell Koske, Isabelle Wanner, Rosamaria Bitetti, Omar Barbiero
This paper investigates patterns in product market regulation across 34 OECD and 21 non-OECD countries, using an updated and revised version of the OECD’s indicators of product market regulation (PMR). The analysis shows that liberalisation of product markets has further slowed over the past...
  N° 1199   27 Mar 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js4h5lz07r4.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/improving-taxes-and-transfers-in-australia_5js4h5lz07r4-en
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Improving Taxes and Transfers in Australia
Philip Hemmings, Annamaria Tuske
Getting tax and transfer systems to efficiently deliver sufficient revenues to achieve macroeconomic targets, address goals in re-distribution and social welfare, encourage employment, accommodate business-competitiveness concerns and incorporate environmental issues is difficult. In Australia,...
  N° 1198   27 Mar 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js4h5mx7bg0.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/federal-state-relations-in-australia_5js4h5mx7bg0-en
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Federal-State Relations in Australia
Vassiliki Koutsogeorgopulou, Annamaria Tuske
Australia’s inter-governmental fiscal relations have gradually moved towards greater centralisation. State governments receive sizeable transfers from the federal government and own revenues only partially cover their expenses. Finding the right balance between federal control and state...
  N° 1197   27 Mar 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js4h5njs131.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/sharing-the-fruits-of-growth-with-all-mexicans_5js4h5njs131-en
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Sharing the Fruits of Growth with all Mexicans
Eduardo Olaberría, Valéry Dugain
In 2013 the Mexican government embarked on a major reform agenda which, if fully implemented and pushed forward, will help Mexico break out from a recent history of economic stagnation and high levels of poverty and inequality that has hampered the quality of life of its citizens. Indeed,...
  N° 1196   27 Mar 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js4h5qp6l0w.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/what-makes-mexicans-happy_5js4h5qp6l0w-en
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What Makes Mexicans Happy?
Valéry Dugain, Eduardo Olaberriá
The growing literature studying the determinants of subjective wellbeing find that Mexicans report, on average, levels of life satisfaction that are above what would be predicted by the available objective measures of well-being. This paradox raises the following question: Are the drivers of...
  N° 1195   25 Mar 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js4hmbt6v5h.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/improving-the-labour-market-integration-of-immigrants-in-belgium_5js4hmbt6v5h-en
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Improving the Labour Market Integration of Immigrants in Belgium
Álvaro Pina, Vincent Corluy, Gerlinde Verbist
Immigrants make up one fifth of the Belgian working age population, but their labour market integration is poor. Employment rates of non-EU immigrants, in particular, are very low, and the problem extends to their native-born offspring. Further, with more precarious jobs and lower wages,...
  N° 1194   25 Mar 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js4hmcf0ghl.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/raising-the-potential-of-the-domestically-oriented-sector-in-germany_5js4hmcf0ghl-en
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Raising the Potential of the Domestically Oriented Sector in Germany
André Eid, Andrés Fuentes Hutfilter
Germany’s manufacturing sector, which plays an important role for exports, has been performing well over the past decade in terms of labour productivity growth and international competitiveness. However, the services sector has had much slower growth rates. Competition often appears to be...
  N° 1193   25 Mar 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js4hmcs3mxp.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/improving-transport-infrastructure-in-russia_5js4hmcs3mxp-en
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Improving Transport Infrastructure in Russia
Alexander Kolik, Artur Radziwill, Natalia Turdyeva
Transport can play an important role in promoting growth, diversification and regional convergence. However, with insufficient investment and incomplete structural reforms, Russia faces very large challenges in modernising its large transport system. Urban transport problems are intensifying,...
  N° 1192   25 Mar 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js4hmd6kq32.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/improving-the-business-climate-in-russia_5js4hmd6kq32-en
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Improving the Business Climate in Russia
Artur Radziwill, Yana Vaziakova
Economic growth is below what would be needed to resume rapid convergence to average OECD living standards. On-going efforts to improve the business climate are laudable, but need to be widened and strengthened. Much progress has been achieved in reducing red tape, but it is only recently that...
  N° 1191   12 Mar 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js4rfh5gtbq.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/determinants-of-female-entrepreneurship-in-india_5js4rfh5gtbq-en
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Determinants of Female Entrepreneurship in India
Arnaud Daymard
This paper examines the nature and determinants of female entrepreneurship in India based on survey data. The first part assesses basic characteristics of female entrepreneurship in India, while the subsequent sections analyse key determinants of female entrepreneurship based on the literature,...
  N° 1190   12 Mar 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js4rfhjf15l.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/the-changing-role-of-the-exchange-rate-for-macroeconomic-adjustment_5js4rfhjf15l-en
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The Changing Role of the Exchange Rate for Macroeconomic Adjustment
Patrice Ollivaud, Elena Rusticelli, Cyrille Schwellnus
Recent episodes of large exchange rate movements, such as for Japan or the United Kingdom, have typically not been associated with large changes in trade balances and despite the polarisation of international investment positions large currency fluctuations during the global crisis of 2008-09...
  N° 1189   05 Mar 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js4w26114r2.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/boosting-productivity-in-russia_5js4w26114r2-en
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Boosting Productivity in Russia
Lilas Demmou, Andreas Wörgötter
The labour market in Russia is very flexible. Firms adjust to economic shocks through wage cuts, working hour reductions and minimisation of non-wage labour costs. Workers react by changing jobs. This results in a high and stable overall employment rate, but also high wage inequality,...
  N° 1188   06 Mar 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js4w28dnn28.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/boosting-growth-and-reducing-informality-in-mexico_5js4w28dnn28-en
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Boosting Growth and Reducing Informality in Mexico
Sean Dougherty
Mexico has embarked on a bold package of structural reforms that will help it to break away from three decades of slow growth and low productivity. Major structural measures have been legislated to improve competition, education, energy, the financial sector, labour, infrastructure and the tax...
  N° 1187   05 Mar 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js4w293c46j.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/the-conduct-of-monetary-policy-in-the-future_5js4w293c46j-en
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The Conduct of Monetary Policy in the Future
Kei-Ichiro Inaba, Rory O’Farrell, Łukasz Rawdanowicz, Ane Kathrine Christensen
The set of monetary policy instruments has expanded since the start of the global financial crisis in the many OECD economies. Against this background, this paper analyses whether some of the new instruments should be retained in the long term when broader financial stability objectives are...
  N° 1186   11 Feb 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js69lb4b5mt.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/a-constant-market-share-analysis-of-spanish-goods-exports_5js69lb4b5mt-en
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A Constant Market Share Analysis of Spanish Goods Exports
Alberto González Pandiella
The constant market share analysis framework is used to decompose changes in Spain’s share of the global market for goods exports into competitiveness and structural effects (i.e. the impact of specialisation, either in product or geographical terms) over 1996-2013. As other high-income...
  N° 1185   30 Jan 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js6g5kvpd6j.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/raising-the-economic-participation-of-women-in-india_5js6g5kvpd6j-en
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Raising the Economic Participation of Women in India
Piritta Sorsa
Economic participation of women in the labour force or as entrepreneurs is low compared to peers and has declined over the past decades despite strong growth. The gap with men is over 50%--the largest among key emerging markets. Participation declines with higher education achievements and...
  N° 1184   08 Jan 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js7t9ptcr26.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/improving-health-outcomes-and-health-care-in-india_5js7t9ptcr26-en
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Improving Health Outcomes and Health Care in India
Isabelle Joumard, Ankit Kumar
With India’s low life expectancy largely reflecting deaths from preventable diseases, the most significant gains in health would come from population-wide preventive measures. Access to public health care services varies substantially, resulting in many people turning to private-sector...
  N° 1183   26 Jan 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js7t9q14m0q.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/challenges-and-opportunities-of-india-s-manufacturing-sector_5js7t9q14m0q-en
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Challenges and Opportunities of India's Manufacturing Sector
Isabelle Joumard, Urban Sila, Hermes Morgavi
The manufacturing sector has contributed little to income growth and its share in total merchandise exports has been declining. Manufacturing has not brought much new employment, and most of the recent rise in manufacturing employment has been in the informal sector, where workers are not...
  N° 1182   05 Jan 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js7xhxwrnwd.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/the-heterogeneity-of-product-market-regulations_5js7xhxwrnwd-en
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The Heterogeneity of Product Market Regulations
Jean-Marc Fournier
This paper is making use of the OECD product market regulation (PMR) database to measure the heterogeneity of product market regulation across countries for the whole economy, for the main subcomponents of the PMR indicator and for the internet economy. The heterogeneity within EU countries is...
  N° 1181   05 Jan 2015 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5js7xj0xckf6.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/implicit-regulatory-barriers-in-the-eu-single-market_5js7xj0xckf6-en
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Implicit Regulatory Barriers in the EU Single Market
Jean-Marc Fournier, Aurore Domps, Yaëlle Gorin, Xavier Guillet, Délia Morchoisne
Gravity models are used to explore the determinants of trade, making use of fixed effect linear estimators and a Poisson estimator (as in Santos Silva and Tenreyro, 2006) with fixed effects. Beyond usual determinants of trade such as GDP, distance, contiguity, free trade areas and language,...
  N° 1179   04 Dec 2014 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5jxrjnb36b40.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/empirical-evidence-on-the-effects-of-environmental-policy-stringency-on-productivity-growth_5jxrjnb36b40-en
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Empirical Evidence on the Effects of Environmental Policy Stringency on Productivity Growth
Silvia Albrizio, Tomasz Koźluk, Vera Zipperer
This paper investigates the impact of changes in the stringency of environmental policies on productivity growth in OECD countries. Using a new environmental policy stringency (EPS) index, it estimates a reduced-form model of multi-factor productivity growth, where the effect of countries'...
  N° 1178   04 Dec 2014 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5jxrjnbnbm8v.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/the-indicators-of-the-economic-burdens-of-environmental-policy-design_5jxrjnbnbm8v-en
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The Indicators of the Economic Burdens of Environmental Policy Design
Tomasz Koźluk
Environmental policies seek to address market failures related to the protection of the environment. However, they may also increase barriers to entry and distort competition. If stringent environmental policies can be designed in a way that minimises such economic burdens, they can facilitate...
  N° 1177   04 Dec 2014 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5jxrjnc45gvg.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/measuring-environmental-policy-stringency-in-oecd-countries_5jxrjnc45gvg-en
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Measuring Environmental Policy Stringency in OECD Countries
Enrico Botta, Tomasz Koźluk
Cross-country analysis of the economic effects of environmental policies is limited by the lack of reliable, comparable measures of the stringency of environmental policies. This paper attempts to fill this gap, by constructing new quantitative indexes of environmental policy stringency (EPS)....
  N° 1176   03 Dec 2014 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5jxrjncjrcxp.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/do-environmental-policies-matter-for-productivity-growth_5jxrjncjrcxp-en
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Do Environmental Policies Matter for Productivity Growth?
Silvia Albrizio, Enrico Botta, Tomasz Koźluk, Vera Zipperer
Environmental policies address wellbeing and sustainability objectives, affecting firm and household behaviour. A newly developed, cross-country composite proxy of environmental policy stringency (EPS) shows that stringency has been increasing across OECD countries over the past two decades....
  N° 1175   01 Dec 2014 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5jxrmdjk28kg.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/making-economic-growth-more-socially-inclusive-in-germany_5jxrmdjk28kg-en
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Making Economic Growth more Socially Inclusive in Germany
Andreas Kappeler, Andrés Fuentes Hutfilter
While past labour market reforms have been successful in terms of employment, the relative poverty risk and income inequality have remained broadly unchanged in recent years. Some social groups remain particularly vulnerable, including individuals in non-regular employment, the unemployed and...
  N° 1174   11 Dec 2014 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5jxrh8f24hf2.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/new-tax-and-expenditure-elasticity-estimates-for-eu-budget-surveillance_5jxrh8f24hf2-en
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New Tax and Expenditure Elasticity Estimates for EU Budget Surveillance
Robert W.R. Price, Thai-Thanh Dang, Yvan Guillemette
This paper estimates the elasticities of government revenue and expenditure items with respect to the output gap for European Union (EU) countries. These elasticities are used by the European Commission, as part of the EU fiscal surveillance process, to calculate the semi-elasticity of the...
  N° 1173   13 Nov 2014 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5jxszm2k7fnw.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/moving-towards-a-more-dynamic-business-sector-in-spain_5jxszm2k7fnw-en
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Moving Towards a More Dynamic Business Sector in Spain
Alberto González Pandiella
Policy efforts to revitalise entrepreneurship and investment in Spain are key to generating growth and new jobs. The government has a substantial reform program to make it easier to do business in Spain, which should in some cases be deepened. Boosting economic growth requires a new generation...
  N° 1172   13 Nov 2014 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5jxszm4fwdjg.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/better-harnessing-talent-and-knowledge-to-boost-sustainable-medium-term-growth-in-spain_5jxszm4fwdjg-en
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Better Harnessing Talent and Knowledge to Boost Sustainable Medium-term Growth in Spain
David Haugh, Ben Westmore
Structural transformation towards a more knowledge-based economy will strengthen Spain’s medium-term growth prospects. To deal with long standing impediments to higher growth the government has a substantial structural reform programme touching on education, the labour market and the business...
  N° 1171   12 Nov 2014 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5jxszm7x2qmr.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/the-internet-economy-regulatory-challenges-and-practices_5jxszm7x2qmr-en
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The Internet Economy - Regulatory Challenges and Practices
Isabell Koske, Rosamaria Bitetti, Isabelle Wanner, Ewan Sutherland
The Internet has become an integral part of the everyday life of households, firms and governments. Its proper functioning over the long run is therefore crucial for economic growth and people’s wellbeing more generally. The success of the Internet depends on its openness and the confidence of...
  N° 1170   28 Oct 2014 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5jxv9f32j0zp.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/a-revival-of-the-private-rental-sector-of-the-housing-market_5jxv9f32j0zp-en
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A Revival of the Private Rental Sector of the Housing Market?
Rik de Boer, Rosamaria Bitetti
This Working Paper studies ways to stimulate the private rental sector (PRS) of the housing market – and compares experiences with policies and reforms in Germany, the Netherlands, Finland and the Czech Republic. Although in many countries the PRS has decreased in importance since the Second...
  N° 1169   14 Oct 2014 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5jxvgg6q27vd.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/secular-stagnation-evidence-and-implications-for-economic-policy_5jxvgg6q27vd-en
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Secular Stagnation: Evidence and Implications for Economic Policy
Łukasz Rawdanowicz, Romain Bouis, Kei-Ichiro Inaba, Ane Kathrine Christensen
This paper investigates whether OECD countries are facing secular stagnation. Secular stagnation is defined as a situation when policy interest rates bounded at zero fail to stimulate demand sufficiently, due to low or negative neutral real interest rates and low inflation, and when ensuing...
  N° 1168   14 Oct 2014 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5jxvgg76vqg1.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/investment-gaps-after-the-crisis_5jxvgg76vqg1-en
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Investment Gaps after the Crisis
Christine Lewis, Nigel Pain, Jan Strasky, Fusako Menkyna
The downturn in fixed investment among advanced economies from the onset of the global crisis was unusually severe, widespread and long-lasting relative to comparable episodes in the past. As a result, investment gaps are large in many countries, not only in relation to past norms but also...
  N° 1167   13 Oct 2014 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5jxvgg7q1322.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/factors-behind-the-decline-in-real-long-term-government-bond-yields_5jxvgg7q1322-en
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Factors behind the Decline in Real Long-Term Government Bond Yields
Romain Bouis, Kei-Ichiro Inaba, Łukasz Rawdanowicz, Ane Kathrine Christensen
This paper describes developments in real long-term interest rates in the main OECD economies and surveys their various determinants. Real long-term government bond yields declined from the 1980s to very low levels in the recent period, though they have not reached the historical lows of the...
  N° 1166   25 Sep 2014 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5jxwtl8h75bw.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/the-effect-of-the-global-financial-crisis-on-oecd-potential-output_5jxwtl8h75bw-en
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The Effect of the Global Financial Crisis on OECD Potential Output
Patrice Ollivaud, David Turner
This paper estimates potential output losses from the global financial crisis by comparing recent OECD published projections with a counter-factual assuming a continuation of pre-crisis productivity trends and a trend employment rate which is sensitive to demographic trends. Among the 19 OECD...
  N° 1165   09 Dec 2014 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5jxwtlchggzn.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/determinants-of-households-investment-in-energy-efficiency-and-renewables_5jxwtlchggzn-en
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Determinants of Households' Investment in Energy Efficiency and Renewables
Nadia Ameli, Nicola Brandt
Many studies on household energy efficiency investments suggest that a wide range of seemingly profitable investments are not taken up. This paper provides novel evidence on the main factors behind consumer choices using the OECD Survey on Household Environmental Behaviour and Attitudes. The...
  N° 1164   16 Sep 2014 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5jxx0558mfbv.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/addressing-high-household-debt-in-korea_5jxx0558mfbv-en
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Addressing High Household Debt in Korea
Randall S. Jones, Myungkyoo Kim
Rising household debt has become a major policy concern in Korea. By the end of 2012, it had risen to 164% of disposable income, well above the OECD average of 133%. In addition to the economic impact and the risk to the financial sector, it raises social cohesion issues, as households with low...
  N° 1163   16 Sep 2014 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5jxx054fv20v.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/reducing-the-high-rate-of-poverty-among-the-elderly-in-korea_5jxx054fv20v-en
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Reducing the High Rate of Poverty Among the Elderly in Korea
Randall S. Jones, Satoshi Urasawa
One-half of Korea's population aged 65 and over lives in relative poverty, nearly four times higher than the OECD average of 13%. Elderly poverty is thus an urgent social problem. The immediate priority is to target the Basic Old-Age Pension on the lowest-income elderly to ensure that they...
  N° 1162   16 Sep 2014 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5jxx054bdlvh.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/promoting-the-financing-of-smes-and-start-ups-in-korea_5jxx054bdlvh-en
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Promoting the Financing of SMEs and Start-ups in Korea
Randall S. Jones, Myungkyoo Kim
The Korean government has made fostering a "creative economy" a top priority. The goal is to shift Korea's economic paradigm to one based on innovation in which new start-ups and venture businesses play a key role. However, the venture capital market is still at an early stage of development....
  N° 1161   16 Sep 2014 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5jxx0554v07c.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/fostering-inclusive-growth-in-turkey-by-promoting-structural-change-in-the-business-sector_5jxx0554v07c-en
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Fostering Inclusive Growth in Turkey by Promoting Structural Change in the Business Sector
Rauf Gönenç, Oliver Röhn, Vincent Koen, Fethi Öğünç
Turkey’s business sector dynamism has underpinned broad-based and inclusive growth in the 2000s. However, the business sector is highly segmented, with a relatively small core of modern high-productivity corporations, and myriad small, less formal and low-productivity entities. This hampers...
  N° 1160   16 Sep 2014 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5jxx055pjf0x.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/reducing-macroeconomic-imbalances-in-turkey_5jxx055pjf0x-en
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Reducing Macroeconomic Imbalances in Turkey
Oliver Röhn, Rauf Gönenç, Vincent Koen, Evren Erdoğan Coşar
Turkey recovered swiftly from the global financial crisis but sizeable macroeconomic imbalances arose in the process. High consumer price inflation and a wide current account deficit are sources of vulnerability. Even though below-potential growth helps rebalancing and disinflation, these...
  N° 1159   08 Sep 2014 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5jxx3d3hk437.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/reinvigorating-the-eu-single-market_5jxx3d3hk437-en
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Reinvigorating the EU Single Market
Jean-Marc Fournier
The EU Single Market remains fragmented by complex and heterogeneous rules at the EU and national levels affecting trade, capital, including foreign direct investment, and labour mobility. Further development of the Single Market and removing barriers to external trade would bring substantial...
  N° 1158   26 Aug 2014 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5jxzc9p57lq3.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/an-exploration-of-the-determinants-of-the-subjective-well-being-of-americans-during-the-great-recession_5jxzc9p57lq3-en
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An Exploration of the Determinants of the Subjective Well-being of Americans During the Great Recession
Aida Caldera Sánchez, Caroline Tassot
This paper uses data from the American Life Panel to understand the determinants of well-being in the United States during the Great Recession. It investigates how various dimensions of subjective wellbeing reflected in the OECD Better Life Framework impact subjective well-being. The results...
  N° 1157   28 Aug 2014 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5jxz9xztql6f.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/boosting-the-development-of-efficient-smes-in-the-netherlands_5jxz9xztql6f-en
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Boosting the Development of Efficient SMEs in the Netherlands
Rafał Kierzenkowski, Jochebed Kastaneer
Entrepreneurship is an important driver of economic growth, job creation and competitiveness. However, the small and medium-sized enterprises (SME) sector has been severely affected by the crisis, with access to bank finance being particularly difficult. Various government-sponsored schemes...
  N° 1156   28 Aug 2014 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5jxz9z0fhcwj.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/making-the-banking-sector-more-resilient-and-reducing-household-debt-in-the-netherlands_5jxz9z0fhcwj-en
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Making the Banking Sector More Resilient and Reducing Household Debt in the Netherlands
Rafał Kierzenkowski, Olena Havrylchyk, Pierre Beynet
Dutch banks were put under heavy strains early in the global downturn and have comparatively weak financial buffers to cope with new shocks. Falling house prices have increased the share of households with negative home equity to nearly 35% for home-owning households and 40% for mortgage...
  N° 1155   24 July 2014 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5jz0wh67l733.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/us-long-term-interest-rates-and-capital-flows-to-emerging-economies_5jz0wh67l733-en
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US Long Term Interest Rates and Capital Flows to Emerging Economies
Eduardo Olaberria
Following Chairman Ben Bernanke’s comments before Congress that the FOMC may ‘take a step down in the pace of asset purchases if economic improvement appears to be sustained’, US 10-year interest rates picked up sharply and gross capital flows to emerging market economies (EMEs) reversed. These...
  N° 1154   24 July 2014 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5jz0wh5t0ztd.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/productivity-measurement-with-natural-capital-and-bad-outputs_5jz0wh5t0ztd-en
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Productivity Measurement with Natural Capital and Bad Outputs
Nicola Brandt, Paul Schreyer, Vera Zipperer
This paper presents a productivity growth measure that explicitly accounts for natural capital as an input factor and for undesirable goods, or "bads", as an output of the production process. The discussion focuses on the extension of productivity measurement for bad outputs and estimates of...
  N° 1153   24 July 2014 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5jz0wh6l5p7l.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/reducing-income-inequality-and-poverty-and-promoting-social-mobility-in-korea_5jz0wh6l5p7l-en
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Reducing Income Inequality and Poverty and Promoting Social Mobility in Korea
Randall S. Jones, Satoshi Urasawa
To strengthen social cohesion, a top government priority, it is essential to address the labour market roots of inequality by breaking down dualism to reduce the share of non-regular workers and to boost the employment ratio toward the government’s 70% target. Education reforms are also...
  N° 1152   26 Aug 2014 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5jz0wh8xkrf6.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/fostering-a-creative-economy-to-drive-korean-growth_5jz0wh8xkrf6-en
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Fostering a Creative Economy to Drive Korean Growth
Randall S. Jones, Myungkyoo Kim
A creative economy requires innovation-friendly conditions. Korea’s innovation system should be improved by upgrading universities and expanding their role in business R&D, while increasing international collaboration in R&D from its current low level. The returns from Korea’s large investment...
  N° 1151   21 July 2014 Click to Access: 
    http://oecd.metastore.ingenta.com/content/5jz0zb5h7ff2.pdf
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  • http://www.keepeek.com/Digital-Asset-Management/oecd/economics/economic-uncertainties-and-their-impact-on-activity-in-greece-compared-with-ireland-and-portugal_5jz0zb5h7ff2-en
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Economic Uncertainties and their Impact on Activity in Greece compared with Ireland and Portugal
Jan-David Schneider, Claude Giorno
Uncertainty faced by households and firms affects economic activity. The rise in uncertainty since the beginning of the sovereign debt crisis in Greece could be one factor that has contributed to the steep and long-lasting recession. This paper presents a brief empirical analysis quantifying...
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