Working Paper
Oil prices and aggregate economic activity: a study of eight OECD countries
Yücel, Mine K.; Oppedahl, David B.; Brown, Stephen P. A. (1996)
Working Papers , Paper 9613

Report
Has the cost of fighting inflation fallen?
Ghaleb, Tanya E.; De Kock, Gabriel (1996)
During the 1980s, many OECD countries adopted labor-market policies designed to enhance wage flexibility and reduce unemployment. They also attempted to bolster the credibility of their anti-inflation measures through exchange rate and fiscal policies. These measures should have lowered the costs associated with fighting inflation. In this paper, we compare sacrifice ratio measures of the cost of disinflation in the most recent OECD recession with measures for the mid-seventies and early-eighties recessions. Surprisingly, in the overwhelming majority of OECD countries, the cost of reducing ...
Research Paper , Paper 9606

Working Paper
International comparisons of fiscal policy: the OECD and the IMF measures of fiscal impulse
Schinasi, Garry J. (1986)
Both the OECD and the IMF periodically estimate and publish measures of fiscal impulse to gauge the extent to which fiscal policy in the major industrial countries has become more or less expansive over time. This paper compares these measures analytically and numerically. The paper shows that the OECD and IMF measures of fiscal impulse differ in at least four fundamental ways: (1) the OECD includes fiscal drag under the presumption that it is part of the "structure" of fiscal policy, while the IMF excludes it from its adjusted measure of the budget balance; (2) the OECD and the IMF both ...
International Finance Discussion Papers , Paper 274

Working Paper
Trade in ideas: patenting and productivity in the OECD
Kortum, Samuel; Eaton, Jonathan (1995)
Finance and Economics Discussion Series , Paper 95-9

Conference Paper
Perspectives on OECD economic integration : implications for U.S. current account adjustment
Obstfeld, Maurice; Rogoff, Kenneth S. (2000)
Proceedings - Economic Policy Symposium - Jackson Hole

Conference Paper
The impact of the U.S. current account deficit on other OECD countries
Shafer, Jeffrey R. (1987)
Proceedings

Conference Paper
Active labor market policies to expand employment and opportunity
Katz, Lawrence F. (1994-01)
Proceedings - Economic Policy Symposium - Jackson Hole , Issue Jan , Pages 239-322

Journal Article
OECD growth
Pakko, Michael R. (2005-02)
International Economic Trends , Issue Feb

Journal Article
International business cycles: G7 and OECD countries
Chauvet, Marcelle; Yu, Chengxuan (2006-01-01)
The progressive globalization of markets has sparked a worldwide interest in using economic indicators to analyze cyclical fluctuations. Governments and the private sector seeking to conduct their activities in light of both national and international economic conditions could benefit from international indicators that serve as a warning system to detect recessions in major economic partners and in industrialized countries as a whole. ; This article constructs just such a warning system. Using a Markov-switching dynamic factor model with a self-adjusting variable-bandwidth filter, the authors ...
Economic Review , Volume 91 , Issue Q 1 , Pages 43-54

Working Paper
Common fluctuations in OECD budget balances
Rapach, David E.; Neely, Christopher J. (2009)
We analyze comovements in four measures of budget surpluses for 18 OECD countries for 1980-2008 with a dynamic latent factor model. The world factor in national budget surpluses declines substantially in the 1980s, rises throughout much of the 1990s to a peak in 2000, before declining again in the most recent period. This world factor explains a substantial portion of the variability in budget surpluses across countries. World factors in national output gaps, dividend-price ratios, and military spending significantly explain variation in the world budget surplus factor. The significant ...
Working Papers , Paper 2009-055