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  • 1985-1989  (6)
  • Mittelstädt, Axel  (3)
  • Torres, Raymond  (3)
  • Paris : OECD Publishing  (6)
  • Wiesbaden : Springer VS
  • 1
    Online Resource
    Online Resource
    Paris : OECD Publishing
    Language: English
    Pages: 45 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.66
    Keywords: Economics
    Abstract: 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 Secretariat refers to the level of output that is consistent over the medium-term with stable inflation. The paper also contrasts the OECD approach and estimates with those published recently by the IMF. Finally, it presents the results of some INTERLINK simulations designed to illustrate some of the possible effects of faster productivity and potential output growth on macroeconomic performance ...
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  • 2
    Language: English
    Pages: 63 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.71
    Keywords: Economics
    Abstract: 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 several diagnostic simulations using the new blocks are also presented. Finally the way the supply blocks can be used to compare aggregate supply and demand is set out ...
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  • 3
    Online Resource
    Online Resource
    Paris : OECD Publishing
    Language: English
    Pages: 51 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.41
    Keywords: Economics
    Abstract: 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 consistency of the block and to relax some of the constraints imposed. Consistency has been improved via a minor modification to the procedure for estimating the parameters of the production function, as well as from the inclusion of a measure of "normal" inventory growth in the demand term in the output equation. In the new version, the equilibrium stock/output ratio is no longer treated as a constant; tax considerations and domestic price effects are now included in the business energy price equations, and the dynamic adjustment of the factor demand equations has been made more general. Finally, some research on potential output, based on the revised production model, is reported ...
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  • 4
    Online Resource
    Online Resource
    Paris : OECD Publishing
    Language: French
    Pages: 29 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.22
    Keywords: Economics
    Abstract: Le présent document examine le comportement probable des prix de l'énergie à moyen terme pour tenter de déterminer si ces prix resteront un facteur de désinflation comme en 1983 et en 1984, ou s'ils risquent d'augmenter plus vite que les autres prix, contribuant ainsi à relancer l'inflation. La première Section retrace l'évolution récente des prix de l'énergie, et notamment des prix des sources autres que le pétrole dans les périodes de hausse et de baisse du prix du pétrole. Dans la deuxième Section, on évalue les tendances probables de la production pétrolière des pays de l'OPEP et de la production résiduelle sur les marchés mondiaux de l'énergie, dans l'hypothèse d'une croissance économique à moyen terme modérée. Etant donné le rôle ma jeur que joue le prix du pétrole dans la détermination du prix des autres formes d'énergie, en particulier du gaz naturel, cette démarche devrait donner quelques indications sur les tendances probables des prix énergétiques et sur leurs relations ...
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  • 5
    Online Resource
    Online Resource
    Paris : OECD Publishing
    Language: English
    Pages: 55 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.23
    Keywords: Economics
    Abstract: This paper examines the main determinants of compositional changes in private consumption, output and employment in the post-OPEC 1 period compared with earlier developments. An attempt is made to separate cyclical forces from more permanent ones. This, it is hoped, may shed some light on the likely behaviour of employment in a setting of revived economic growth. The first part of the paper presents a brief overview of past trends for major categories of private consumption (food, other goods, private services, and energy), private sector output (mining, agriculture, manufacturing, construction and private services), sectoral employment, productivity and foreign trade shares. The second part shows empirical results from sectoral output-, private consumption- and sectoral productivity functions. Assisted by these findings a third and final part evaluates the likely evolution of sectoral output and employment in a period of faster economic growth and, as well, its implications for ...
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  • 6
    Online Resource
    Online Resource
    Paris : OECD Publishing
    Language: French
    Pages: 71 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.24
    Keywords: Economics
    Abstract: L'évolution récente et prévue du marché du travail se caractérise par une polarisation et un cloisonnement croissants entre les pays de l'OCDE et à l'intérieur des marchés du travail nationaux. On s'attend à ce qu'en Europe, le taux de chômage devienne plus élevé qu'en Amérique du Nord, étant donné qu'il continuera vraisemblablement de s'accroître dans les pays où il est déjà important et qu'il diminuera sans doute encore dans les pays où il est relativement faible. Par ailleurs, c'est en général dans les pays où le taux de chômage est élevé, que le chômage de longue durée et le chômage des jeunes par rapport au chômage total sont les plus importants. On fait souvent valoir que les écarts de taux de chômage entre pays ou régions s'expliquent en partie par des degrés différents de "rigidité" ou, en termes positifs, de "flexibilité" du marché du travail. On estime que les chocs extérieurs sur les prix entraînent un chômage structurel plus élevé lorsque le marché du travail est ...
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