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  • 1990-1994  (12)
  • Nicoletti, Giuseppe  (8)
  • Poret, Pierre  (4)
  • Paris : OECD Publishing  (12)
  • 1
    Online Resource
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    Trends and Cycles in Labour Productivity in the Major OECD Countries (1993)
    Paris : OECD Publishing
    Details
    Language: English
    Pages: 57 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.129
    Keywords: Economics
    Abstract: This paper uses a multivariate generalisation of the Beveridge and Nelson methodology to model trends and cycles of business-sector labour productivity in the major OECD countries. The method implies that the trend is the long-term forecast of productivity, given all available information; the cycle is thus interpreted as the total excess growth that one would forecast beyond "normal" rates of productivity (see Evans and Reichlin, 1992). Multivariate trends in productivity were estimated including series that Granger-cause and, possibly, are cointegrated with productivity. The corresponding cycles were compared with those generated by the Hodrick-Prescott filter and with the business-cycle dating of the OECD. The stability and predictive properties of the Beveridge-Nelson and Hodrick-Prescott trends were compared. Finally, the estimated productivity gaps were used as proxies for capacity utilisation in econometric models of price formation in order to assess their empirical ...
    DOI: 10.1787/215124852050
    URL: Volltext
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  • 2
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    GREEN a Multi-Sector, Multi-Region General Equilibrium Model for Quantifying the Costs of Curbing CO2 Emissions : A Technical Manual (1992)
    Paris : OECD Publishing
    Details
    Language: English
    Pages: 119 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.116
    Keywords: Economics
    Abstract: The OECD Secretariat has developed a multi-region, multi-sector, dynamic applied general equilibrium (AGE) model to quantify the economy-wide and global costs of policies to curb emissions of carbon dioxide (CO2). The project is called the GeneRal Equilibrium ENvironment model, hereafter referred to as GREEN. The purpose of this paper is to provide a full technical description of the GREEN model, its data base and parametrisation as of April 1992. It replaces the previous version of the GREEN Technical Manual which was issued in June 1991 as Working Paper No. 104 ...
    DOI: 10.1787/744101452772
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  • 3
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    The Costs of Reducing CO2 Emissions : A Technical Manual (1992)
    Paris : OECD Publishing
    Details
    Language: English
    Pages: 79 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.115
    Keywords: Economics
    Abstract: This paper presents simulation results using the OECD Secretariat's GREEN model to quantify the economic costs of possible international agreements to curb CO2 emissions. These results supersede the initial GREEN results published in Working Paper no. 103 in June 1991. The first section of the paper summarises the analysis and draws some conclusions for policy. Section II of the paper reviews the so-called Business-as-Usual scenario and presents some sensitivity analysis around it. Section III considers international agreements under which emission curbs are only applied by the OECD countries or the EC and no actions are taken by the non-OECD regions. Particular attention is paid to the possibility that unilateral action by the OECD countries might give rise to so-called "carbon leakages", i.e. higher emissions in the non-OECD regions. Section IV extends the coverage of the international agreements to embrace the non-OECD countries. It quantifies the gains from cost-effective ...
    DOI: 10.1787/614012187236
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  • 4
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    Global Effects of the European Carbon Tax (1992)
    Paris : OECD Publishing
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    Language: English
    Pages: 38 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.125
    Keywords: Economics
    Abstract: The aim of this paper is to analyse the implications of the European Commission proposal of a mixed energy cum carbon tax to curb CO2 emissions from a global perspective. The paper deals with the effects of this proposal on emissions and welfare in both the EC and the rest of the world by concentrating on three main issues: i) the effectiveness of the proposed tax measures in terms of curbing EC and global CO2 emissions; ii) the implied costs for the EC and the other countries/regions of the world; and iii) the implications of the EC proposal for the world distribution of emissions and the competitiveness of the EC economy. In this connection, the relevance of the so-called "carbon leakages" -- i.e. the displacement of polluting activities from countries participating in an emission reduction agreement to countries not concerned by the agreement -- is examined. The paper provides quantitative answers to these issues using simulations with GREEN, the global dynamic applied general ...
    DOI: 10.1787/450384002553
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  • 5
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    The Costs of Reducing CO2 Emissions : A Comparison of Carbon Tax Curves with GREEN (1992)
    Paris : OECD Publishing
    Details
    Language: English
    Pages: 61 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.118
    Keywords: Economics
    Abstract: This paper forms part of an OECD project which addresses the issue of the costs of reducing CO2 emissions by comparing the results from six global models of a set of standardised scenarios. This paper provides evidence of regional differences with respect to carbon tax curves through the middle of the next century. It also develops some analytical tools that can help to explain the main mechanisms at work in GREEN. Finally, it evaluates the welfare and output costs entailed in reduction emissions ...
    DOI: 10.1787/018813821426
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  • 6
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    The Public Sector : Issues for the 1990s (1991)
    Paris : OECD Publishing
    Details
    Language: English
    Pages: 92 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.90
    Keywords: Economics
    Abstract: Since the early 1980s, most OECD countries have embarked on medium-term strategies to restore greater balance to the public finances and to wind back government intervention in the economy. The attached paper examines the progress so far. It also reviews and evaluates some of the changes to public sector management practices which were implemented in the 1980s and assesses some of the pressures on the public sector which are likely to arise in the 1990s. Most OECD governments appear to have made significant headway in budgetary consolidation, particularly in the second half of the last decade, and public expenditure as a share of GDP has stabilised for the area as a whole, once allowance is made for cyclical effects. There has also been some measure of success in reducing economic regulation in a number of sectors. Nonetheless, governments are likely to face increased spending pressures in the 1990s, partly reflecting catch-up following expenditure restraint in the 1980s. Improving ...
    DOI: 10.1787/112267035862
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  • 7
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    The Costs of Policies to Reduce Global Emissions of CO2 : Initial Simulation Results with GREEN (1991)
    Paris : OECD Publishing
    Details
    Language: English
    Pages: 57 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.103
    Keywords: Economics
    Abstract: The OECD Secretariat has developed a multi-region, multi-sector. dynamic general equilibrium model to quantify the economy-wide and global costs of policies to curb emissions of carbon dioxide (CO2). The project is called the GeneRal Equilibrium ENvironmental model, hereafter referred to as GREEN. The purpose of this paper is to outline the main features of GREEN in a non-technical fashion and to present some preliminary results from three scenarios of alternative international agreements to cut CO2 emissions. The paper also sets out a range of options for possible extensions to the model, with the explicit aim of improving its policy relevance ...
    DOI: 10.1787/472216424066
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  • 8
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    Infrastructure and Private-Sector Productivity (1991)
    Paris : OECD Publishing
    Details
    Language: English
    Pages: 29 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.91
    Keywords: Economics
    Abstract: A recent study by David Aschauer suggested a novel explanation for the slowdown of private-sector total factor productivity (TFP) in the United States in the early 1970s. He argues that it is due to the roughly contemporaneous slowdown in the rate of investment in public-sector infrastructure. Using data for eleven OECD countries, this note provides only mixed support for Aschauer's hypothesis. With series starting in the 1960s for most countries, regression analysis found a significant effect of infrastructure on TFP in about half the countries. A longer-term perspective was also examined for the United States. On the basis of data going back to the end of the 19th century, it appears that there was no relationship between infrastructure and TFP until after World War II ...
    DOI: 10.1787/231625432004
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  • 9
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    GREEN - - A Multi-Region Dynamic General Equilibrium Model for Quantifying the Costs of Curbing CO2 Emissions : A Technical Manual (1991)
    Paris : OECD Publishing
    Details
    Language: English
    Pages: 103 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.104
    Keywords: Economics
    Abstract: The OECD Secretariat has developed a multi-region, multi-sector, dynamic applied general equilibrium (AGE) model to quantify the economy-wide and global costs of policies to curb emissions of carbon dioxide (CO2). The project is called the GeneRal Equilibrium ENvironments model, hereafter referred to as GREEN. The purpose of this paper is to provide a full technical description of the GREEN model, its data base and parametrisation as of May 1991. Work is continuing to extend GREEN in several different directions to make the model more policy relevant, and a revised version of the technical manual will be issued in due course ...
    DOI: 10.1787/877165867056
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  • 10
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    P-Star as an Indicator of Inflationary Pressure (1991)
    Paris : OECD Publishing
    Details
    Language: English
    Pages: 41 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.101
    Keywords: Economics
    Abstract: The P-star approach has been developed by the U.S. Federal Reserve as a new indicator of inflationary pressures. This paper assesses its usefulness for 20 OECD Member countries. Regression results are presented and in-sample tracking ability and forecasting performance of the equations are compared to rival inflation models and official OECD projections ...
    DOI: 10.1787/821307064337
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  • 11
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    Modelling Wages and Prices for the Smaller OECD Countries (1990)
    Paris : OECD Publishing
    Details
    Language: English
    Pages: 52 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.86
    Keywords: Economics
    Abstract: This paper presents work on wage/price blocks for the smaller OECD countries which has been implemented in OECD's world econometric model, INTERLINK. The paper discusses theoretical, statistical and practical aspects of the estimation of business sector wage equations and five domestic demand deflators. It also presents a variety of diagnostic simulations in order to evaluate overall model properties ...
    DOI: 10.1787/283111207150
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  • 12
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    The "Puzzle" of Wage Moderation in the 1980s (1990)
    Paris : OECD Publishing
    Details
    Language: English
    Pages: 56 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.87
    Keywords: Economics
    Abstract: In the 1980s, real consumption wages fell relative to labour efficiency in OECD countries, although there has been some pressure on wages recently. The persistent moderation of wages was due to labour-market slack, as well as rising non-wage labour costs and slower increases in output prices relative to consumer prices in some countries. It does not appear to reflect changes in wage behaviour. The analysis of time-series properties suggests that, typically, wages do not fully catch up to past losses. There is, furthermore, no strong evidence for instability of well-specified wage equations with the exception of France where stringent monetary policy since 1983 may have modified the formation of expectations ...
    DOI: 10.1787/746401378560
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