The recent global crisis has proved that the increase in income inequality observed over the last decades has not produced the expected effects on investments and growth. At the same time, this fact has amplified the message that there is still much work to do to ensure the social sustainability...

This article presents an estimate of Tobin's average q based on financial market expectations. When marginal q exceeds unity it is profitable to invest, however, only average q is observable. Due to uncertainty linked to demand constraints, average q can differ from marginal q; thus an...

It is sometimes asserted that an era of faster economic growth has come about --the so-called New Economy. New technology, notably information and communications technology (ICT), is seen as a key factor at work, together with international economic integration. This report examines the issue...

This paper presents business sector supply blocks for thirteen smaller OECD economies. The starting point is the approach adopted by the Economics and Statistics Department for the major economies. The structure of the supply blocks is explained and estimation results are presented. Results from...

This paper outlines the concepts and methods used by the OECD Secretariat to derive estimates of potential output and capacity utilisation for the major seven countries. While there are many alternative definitions of potential output, the one which is currently being used by the OECD...

While the philosophy behind the supply block has not changed since its initial version, each of the block's behavioural equations as well as the parameters of the production functions have been substantially modified. These modifications have been motivated, in general, by a wish to improve the...

Argues that employment remains depressed in the majority of Eurozone countries and that a further 4.5 million jobs may be lost. Suggests that addressing the jobs crisis in the Eurozone requires, first, repairing the financial system urgently.