Après la longue récession qui a suivi le second choc pétrolier, la reprise économique est actuellement amorcée dans la plupart des grands pays de l'OCDE. Elle est d'une importance variable selon les pays : si les Etats-Unis connaissent d'ores et déjà une croissance rapide de la production...

This paper highlights some key policy issues regarding the performance of public expenditure and proposes an analytical framework for its assessment. The framework distinguishes three economic objectives of policies in the pursuit of better performance of public expenditure: macroeconomic...

Ces dernières années, le niveau des taux d'intérêt réels est apparu relativement élevé dans la plupart des pays de l'OCDE. Cela n'a pas empêché la reprise économique de se développer (à un rythme plus rapide aux Etats-Unis et au Japon qu'en Europe) pas plus qu'il n'y a eu,...

National accounts data provide the most comprehensive overview available of developments in national economies. They are of great interest to a wide range of users of economic information. These users, which include governments formulating budgetary policies, central banks making monetary policy...

This paper reassesses, in the light of recent experience, the formulation of monetary policy in terms of targets for monetary aggregates in the major countries. A number of difficulties which have arisen are discussed: instability of the money-income relationship; constraints created by fiscal...

This paper reviews key policy messages and warnings about developments in the run-up to the global financial and economic crisis that began in mid-2007 which are contained in the main publications of the IMF, the OECD and the BIS and discuss issues relevant to strengthening their surveillance...