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Getting Back on Track: Restoring Fiscal Sustainability in Ireland

Haugh, David - Economics Department, Organisation de Coopération et … - 2011

Ireland’s banking crisis, one of the most severe in the OECD area, and the associated economic recession have taken a heavy toll on public finances. Large public deficits have accumulated since 2008 and net public debt, which had been eliminated, has soared once again. The rapid deterioration...

Persistent link: https://www.econbiz.de/10009364451

The Effect of the Global Financial Crisis on OECD Potential Output

Ollivaud, Patrice; Turner, David - Economics Department, Organisation de Coopération et … - 2014

excesses, including high inflation, high investment, large current account deficits, low real interest rates, high total …

Persistent link: https://www.econbiz.de/10011276787

Secular Stagnation: Evidence and Implications for Economic Policy

Rawdanowicz, Łukasz; Bouis, Romain; Inaba, Kei-Ichiro; … - Economics Department, Organisation de Coopération et … - 2014

hysteresis and discouraged investment. Obtaining firm evidence is complicated by considerable uncertainties surrounding estimates …

Persistent link: https://www.econbiz.de/10011276801

Gauging the Impact of Higher Capital and Oil Costs on Potential Output

Cournède, Boris - Economics Department, Organisation de Coopération et … - 2010

The 2007-2009 period has been characterised by an oil shock followed by a financial crisis. Higher oil prices and the prospect of higher borrowing costs are likely to reduce the productive potential of OECD economies. The present study provides illustrative numerical estimates of the impact...

Persistent link: https://www.econbiz.de/10008461036

Promoting Potential Growth: The Role of Structural Reform

Mello, Luiz de; Padoan, Pier Carlo - Economics Department, Organisation de Coopération et … - 2010

The global crisis has left many G20 countries with an unenviable legacy of lower potential output and high government indebtedness. Global imbalances, which had narrowed during the recession, are now beginning to widen again, as the recovery takes hold. Structural reform will be needed not only...

Persistent link: https://www.econbiz.de/10008461037

Estimating a Supply Block for Poland

Kierzenkowski, Rafal; Ollivaud, Patrice; Sédillot, Franck - Economics Department, Organisation de Coopération et … - 2008

The supply-side framework and related measures of output and unemployment gaps play a leading role in the OECD analysis of short-term conjunctural conditions and long-term determinants of growth. To allow such diagnoses for Poland, this paper develops a comprehensive supply block in accordance...

Persistent link: https://www.econbiz.de/10005045626

New OECD Methods for Supply-side and Medium-term Assessments: A Capital Services Approach

Beffy, Pierre-Olivier; Ollivaud, Patrice; Richardson, Pete - Economics Department, Organisation de Coopération et … - 2006

The OECD makes frequent use of the supply-side framework and associated measures of factor productivity, productive potential and associated output gaps in the assessment of the short-term conjunctural situation, comparative economic performance and longer-term growth determinants. This paper...

Persistent link: https://www.econbiz.de/10005045696

The Effect of Financial Crises on Potential Output: New Empirical Evidence from OECD Countries

Furceri, Davide; Mourougane, Annabelle - Economics Department, Organisation de Coopération et … - 2009

The aim of this paper is to assess the impact of financial crises on potential output. For this purpose a univariate autoregressive growth equation is estimated on an unbalanced panel of OECD countries over the period 1960 to 2007. Our results suggest that the occurrence of a financial crisis...

Persistent link: https://www.econbiz.de/10005045831

The Macroeconomic Consequences of Banking Crises in OECD Countries

Haugh, David; Ollivaud, Patrice; Turner, David - Economics Department, Organisation de Coopération et … - 2009

protracted with larger output losses and disproportionate falls in housing and business investment. The recovery is typically …

Persistent link: https://www.econbiz.de/10005046244

Has Deregulation Increased Investment in Infrastructure?: Firm-Level Evidence from OECD Countries

Araújo, Sónia - Economics Department, Organisation de Coopération et … - 2011

This paper investigates the role played by deregulation on firms’ investment decisions in infrastructure sectors. The … entry, public ownership, vertical unbundling and the existence of an independent regulator with firm level investment … behaviour. We find that the impact of regulation on investment is both sector and firm specific. A reduction in the degree of …

Persistent link: https://www.econbiz.de/10009322440