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  • MPI Ethno. Forsch.  (12)
  • Bayreuth UB
  • MFK München
  • Online Resource  (12)
  • 2005-2009
  • 2000-2004
  • 1985-1989  (12)
  • 1945-1949
  • 1986  (12)
  • Paris : OECD Publishing  (12)
  • London : Palgrave Macmillan UK
  • Paris : OECD Publishing and European Conference of Ministers of Transport
  • Santa Monica, Calif : Rand
  • Wiesbaden : VS, Verl. für Sozialwiss.
  • Economics  (10)
  • Transport  (2)
  • Bildband
  • Europa
  • Hochschulschrift
  • United States
  • Urban, Rural and Regional Development
Datasource
  • MPI Ethno. Forsch.  (12)
  • Bayreuth UB
  • MFK München
Material
  • Online Resource  (12)
Language
Years
  • 2005-2009
  • 2000-2004
  • 1985-1989  (12)
  • 1945-1949
Year
Publisher
Keywords
  • 1
    Language: English
    Pages: 23 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.28
    Keywords: Economics
    Abstract: The bivariate relationship between real exchange rates and the real long-term interest rate differential has been investigated in a number of recent studies. By exchange-rate-equation standards, this specification does a relatively good job of tracking the historical movements in the dollar-Deutschemark and the dollar-yen bilateral exchange rates, and the dollar effective exchange rate; but does a poor job for the dollar-sterling rate. This paper extends the analysis to 18 OECD countries, in bilateral as well as effective terms. Results from earlier studies are confirmed, but in general the estimation results are sufficiently mixed to suggest that the absence of any risk premia variables may be an important omission ...
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  • 2
    Online Resource
    Online Resource
    Paris : OECD Publishing
    Language: English
    Pages: 85 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.29
    Keywords: Economics
    Abstract: This paper describes the method of calculation of competitiveness indicators and effective exchange rates that are published half-yearly by the Secretariat in the Economic Outlook. This calculation is based on a double-weighting principle: the procedure calculates the relative importance of different countries on each market according to the relative importance of these markets for the country in question. The calculations include the impact of the domestic producer in each market, i.e. a particular country is considered as a competitor to other exporters to its own market. On the other hand, in calculating the importance of each competitor to a given country the share of the country in question is excluded in every market, i.e. a country cannot compete with itself. Weighting matrices have been constructed for each year, starting in 1970, and have been used to define and compute relative indices of costs, prices and exchange rates ...
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  • 3
    Online Resource
    Online Resource
    Paris : OECD Publishing
    Language: English
    Pages: 41 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.35
    Keywords: Economics
    Abstract: This paper examines some alternative specifications of the aggregate consumption function for eight OECD countries. Wealth effects are potentially important as determinants of consumption and as a transmission channel from monetary influences to real variables. However, measurement difficulties prevent direct incorporation of wealth in empirical work on consumption in many countries. Here, wealth effects are incorporated implicitly into estimated functions in a way that differentiates between indexed and non-indexed assets. Results indicate that, while inflation appears to affect measured consumption ratios in all countries examined, an interaction between inflation and interest rates that would be implied by wealth effects is not always present. The implications of different consumption functions are tested within a macroeconomic model, the OECD INTERLINK system. The response of output and consumption to standard fiscal policy shocks generally becomes smaller when inflation ...
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  • 4
    Online Resource
    Online Resource
    Paris : OECD Publishing
    Language: English
    Pages: 53 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.36
    Keywords: Economics
    Abstract: The Government Household Transfer data base (GHT) consists of annual statistics on social security and welfare transfers to households from government, covering the period 1960-84. Social security benefits are classified by subfunction according to the Classification of the Functions of Government (COFOG). This report describes the contents of GHT, the sources used and the problems encountered in setting up the data base. Tables are presented showing levels expressed in U.S. dollars per head of population, transfers as a percent of GDP, the distribution by subfunction and elasticities of transfers with respect to GDP. Growth rates are given for the periods 1960-73, 1973-79, 1979-84 and 1960-84. The annexes contain country tables showing the subfunctional breakdown of transfers in national currencies and a description of the items included and the sources used ...
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  • 5
    Language: French
    Pages: 81 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.33
    Keywords: Economics ; France
    Abstract: This paper considers the main transmission channels and macroeconomic effects of monetary policy in France over the last decade, as described by the structure and the simulation properties of contemporary econometric models. In particular the paper emphasizes: a) the larger role attributed by model-builders to interest rates as compared to financial quantity constraints; b) the inadequate consideration given to expectations in the modelling of the wage indexation process and international linkages (especially with respect to the EMS); and c) the significant impact of monetary policy on the real economy and the importance of the real output costs which result from disinflationary policy, at least in the short to medium run. Moreover, policy simulation with some models suggests that a sustained exogeneous rise in nominal interest rates under fixed exchange rates would have a stagflationary impact (lower output, higher prices) because of the assumption that firms, which are highly ...
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  • 6
    Language: English
    Pages: 100 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.37
    Keywords: Economics
    Abstract: This paper analyses the effects of the internationalisation of financial markets on the conduct of macroeconomic policy and the allocation of capital. It first examines the increased integration between domestic and external (or "Euro") financial markets and the recent tendency towards convergence of real interest rates among financially open countries. After briefly touching on the macro policy consequences of financial internationalisation, the paper then deals with long-term implications for the international allocation of capital, with special emphasis on the existence of tax distortions. Using estimated tax wedges for business investment and the supply block of the INTERLINK system, it shows that, under integrated financial markets, the existing tax distortions could generate a large imbalance in the net external asset position which involves a significant welfare cost ...
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  • 7
    Language: English
    Pages: 45 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.32
    Keywords: Economics
    Abstract: 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 imbalances; exchange rate variability, as well as debt problems and threats to banks' solvency. The responses of monetary authorities to these difficulties are described and some possible options for the formulation of monetary policy in the future are considered (including nominal income and exchange rate targeting) ...
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  • 8
    Language: English
    Pages: 71 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.30
    Keywords: Economics
    Abstract: This paper examines the problems raised by the recent sharp increases in the ratio of public debt to GNP in most OECD Member countries. When interest rates exceed growth rates, this development appears as a symptom of instability in public finances. The paper also analyses the evolution of public debt within the wider framework of the government sector's net worth. One particular aspect of this approach -- the implicit pension liabilities of governments -- is seen to have a significant bearing on the debt outlook in several countries. Finally, the paper assesses the sensitivity of the public debt profile under alternative fiscal policy settings ...
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  • 9
    ISBN: 9789282105795
    Language: English
    Pages: Online-Ressource (79 p)
    Series Statement: ECMT Round Tables no.71
    Parallel Title: Parallelausg. Trafics internationaux de marchandises par route ; Systèmes de taxation. Rapport de la soixante et onzième table ronde d'économie des transports tenue à Paris les 12-13 décembre 1985
    Keywords: Transport
    Abstract: This Round table examines taxation systems related to international road haulage.
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  • 10
    Online Resource
    Online Resource
    Paris : OECD Publishing
    Language: English
    Pages: 45 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.34
    Keywords: Economics
    Abstract: This paper extends a previous study of profit trends to consider valuation ratios (Tobin's q) in nine countries. Tobin's q embodies market expectations and is an indicator of expected pure profit rates on the existing capital stock. Since 1982, equity markets have recovered substantially. By end-1985, values of Tobin's q were close to their 1974 levels and close to the symbolic figure of unity. The theoretical and conceptual relevance of q is considered, as well as data and measurement limitations. Real debt and equity costs of finance are considered in the light of buoyant stock markets. The implications of the strong recent recovery in q for investment are also noted ...
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  • 11
    Online Resource
    Online Resource
    Paris : OECD Publishing
    Language: English
    Pages: 89 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.31
    Keywords: Economics
    Abstract: The Compatible Trade and Production data base (COMTAP) consists of annual statistics on production, imports and exports of manufactured goods. The key feature of this data base is that both the production and trade statistics are classified according to the same nomenclature, namely, the International Standard Industrial Classification (ISIC). The conversion of both trade and production statistics to the ISIC is approximate because there is usually no direct correspondence between the ISIC and the classification in which the trade and production data are reported to the OECD. This report describes the contents of COMTAP , some of the analytic uses to which it can be put, and the problems encountered in setting up the COMTAP data base. Finally, some examples are given of how the data base can be used to calculate "market penetration ratios" for 13 OECD countries over the period 1970 to 1983. The annexes present some of the COMTAP data in summary form ...
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  • 12
    ISBN: 9789282104606
    Language: French
    Pages: Online-Ressource (84 p)
    Series Statement: Tables Rondes CEMT no.71
    Parallel Title: Parallelausg. International Road Haulage; Taxation Systems. Report of the Seventy-First Round Table on Transport Economics Held in Paris on 12-13 December 1985
    Keywords: Transport
    Abstract: Cette Table ronde examine les systèmes fiscaux relatifs au transport international de marchandises par route.
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