This paper discusses links between policy settings, institutions and economic growth in OECD countries on the basis of pooled cross-country time-series regressions. The novel econometric approach used in the paper allows short-term adjustments and convergence speeds to vary across countries, in...

Andrea Bassanini and Romain Duval are economists at the Directorate for Employment, Labour and Social Affairs and the OECD Economics Department, respectively. Catherine Chapuis-Grabiner, Sébastien Martin and Rebecca Oyomopito provided excellent research assistance. Comments from Sveinbjorn...

This paper presents estimates of the cyclical fluctuations of price-cost margins, following an extended version of the Rotemberg and Woodford (1991) approach. The results support the hypothesis of counter-cyclical price margins in most manufacturing industries, especially in the presence of...