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This paper presents a new system for the consistent determination of import and export prices of manufactured products for use in the world trade block of the OECD INTERLINK model. It uses a system design which directly couples the bilateral determinants of export prices with the bilateral determinants of import prices. The results, however, will be obtained without the need for specific bilateral information other than the bilateral exchange rate. The model allows for price discrimination between different markets for the same exporter and features less than full pass-through of exchange rate movements into import prices ...
Mexico, like most OECD countries, is under pressure to enhance the efficiency and effectiveness of public spending. An important step in this process is to obtain objective information on the performance of programmes and agencies. Performance information allows governments to measure progress towards achieving their goals and to know what programmes and policies are working and those that are not. The majority of OECD countries are seeking to improve the development and use of performance information through performance management and budgeting reforms. These reforms aim to shift the emphasis of budgeting and management away from a focus on controlling inputs and following rules and regulations towards a focus on results.
The OECD Competition Committee debated improving competition in real estate transactions in February 2007. Real estate transactions are subject to a variety of potential limitation of competition that can have significant effects on ordinary consumers. In fact, because of the annual volume of transactions and the fact that real estate expenses (mortgage payments and rent) constitute a significant portion of spending out of available revenue to spend (often exceeding 25%), the impacts of anti-competitive action i this sector may have larger financial value than in most other sectors. Practices of real estate agents vary significantly across countries, but a common trend appears to be the introduction of listing services that may provide a platform for anti-competitive practices to spread, at the same time as the Internet potentially provides improved opportunities for real estate sellers to reach buyers directly. In many countries, the operation of transferring legal title to properties is subject to cartel-like prices. Competitive problems have also been identified in the mortgage markets, with cartel activity having been found in a least one case and a lack of non-bank sources of finance in some countries.
In 2003, the OECD established the Financial Education Project in response to the increasing interest of its member countries in improving the financial literacy of their consumers. Phase one of this project has culminated in the publication of the first major study of financial education at the international level. This book, Improving Financial Literacy: Analysis of Issues and Policies (OECD, 2005, forthcoming), contributes to the development of consumer financial literacy by providing information to policymakers on effective financial education programmes and by facilitating the sharing of experience in the field of financial education and awareness.