OECD economic outlook : June 1999 / Organisation for Economic Co-operation and Development.

Format:

Book

Author/Creator:

Organisation for Economic Co-operation and Development, issuing body.

Series:

OECD Economic Outlook

Language:

English

Subjects (All):

Economic development.

Physical Description:

1 online resource (231 pages)

Edition:

1st ed.

Place of Publication:

Paris, France : OECD Publishing, [1999]

Language Note:

English

Summary:

Editorial I. General assessment of the macroeconomic situation -The global situation and the outlook for the OECD area -Policy considerations in an uncertain global environment -Is the impact of the crisis in emerging markets on OECD countries waning? -The United States: how solid is the expansion? -Japan: structural reform needs to be stepped up -Europe: coping with cyclical divergence -Appendix: The OECD medium-term reference scenario II. Developments in individual OECD countries -United States -Japan -Germany -France -Italy -United Kingdom -Canada -Australia -Austria -Belgium -Czech Republic -Denmark -Finland -Greece -Hungary -Iceland -Ireland -Korea -Luxembourg -Mexico -Netherlands -New Zealand -Norway -Poland -Portugal -Spain -Sweden -Switzerland -Turkey III. Developments in Selected Non-Member Economies -Dynamic Asia and China -Russian Federation and Central and Eastern Europe -South America IV. Labour market performance and the OECD jobs strategy V. Policy challenges arising from climate change VI. The recent experience with capital flows to emerging market economies VII. Causes of the recent widening of OECD current account imbalances VIII. Trends in market openness Annex -Country classification -Weighting scheme for aggregate measures -Annex Tables.

Contents:

Intro

Foreword

Table of contents

Boxes

Box I.1. Policy and other assumptions underlying the projections

Box I.2. Shifting statistical ground: overhaul of the national accounts in EU countries

Box I.2. (Cont.) Shifting statistical ground: overhaul of the national accounts in EU countries

Box I.3. The regional economic impact of the Kosovo crisis

Box I.3. (Cont.) The regional economic impact of the Kosovo crisis

Box I.4. Devaluation of the Chinese currency: impact on OECD countries

Box I.5. What is happening in the US economy: measurement issues

Box I.6. Spiralling general government debt in Japan

Box I.6. (Cont.) Spiralling general government debt in Japan

Box III.1. China's structural reforms: progress and problems

Box IV.1. The OECD Jobs Strategy

Box IV.2. Key structural policy reforms in the 1990s

Box IV.2. (Cont.) Key structural policy reforms in the 1990s

Box VIII.1. A millennium trade round?

Tables

Table I.1. Output growth projections

Table I.2. Oil and non-oil commodity prices

Table I.3. General government financial balances

Table I.4. World trade summary

Table I.5. Inflation and unemployment

Table I.6. Current account balances

Table I.7. External assets of banks in the BIS area vis-à-vis individual countries

Table I.8. Share of selected emerging markets in total exports of mature economies, 1997

Table I.9. Manufacturing in the US economy

Table I.10. The openness of the US economy

Table I.11. Household balance sheets in the United States

Table I.12. Macroeconomic indicators in the euro area, 1996-2000

Table I.13. Medium-term reference scenario summary

Table I.14. Fiscal trends in the medium-term reference scenario.

Table III.1. Projections for selected Asian Economies

Table III.2. Projections for Russia and the Slovak Republic

Table III.3. Projections for Brazil and Argentina

Table IV.1. Trend unemployment in the OECD countries: levelsandchangesovertheperiod1990-982

Table V.1. Overview of national emission trends, Kyoto objectives and EU burden-sharing

Table V.2. Costs of Kyoto in OECD regions, 2010

Table V.3. Real income gains and losses, 2010-2050, with trading and transfers to non-Annex 1 countries

Table VI.1. Incentives for adequate risk assessment in banking systems

Table VI.2. Prudential limits on banks' currency exposure

Table VI.3. Foreign reserves as a per cent of short-term foreign debt

Table VII.1. Trade adjustment of the major OECD regions with the Asia-5

Table VII.2. Trade based decomposition of changes in current account balances, 1996-98

Table VII.3. Saving-investment based decomposition of changes in current account balances, 1996-98

Table VIII.1. Production-weighted average tariff rates

Table VIII.2. Pervasiveness of non-tariff barriers

Table VIII.3. Use of anti-dumping actions

Table VIII.4. Import penetration rates for manufacturing industries

Table VIII.5. Exposure to foreign competition for manufacturing industries

Table VIII.6. Share of foreign affiliates in manufacturing production

Figures

Figure I.1. Financial market indicators

Figure I.2. Projections and outcomes for the United States

Figure I.3. Actual and structural unemployment rates in the United States

Figure I.4. Labour productivity growth in the US business sector

Figure I.5. The increasing diffusion of information processing equipment in the United States

Figure I.6. Corporate profits and price earnings ratio in the United States

Figure I.7. Risk premia in Japan.

Figure I.8. Profit margins in the Japanese non-financial corporate sector

Figure I.9. Business climate and consumer confidence indicators in Japan

Figure I.10. Employment in selected euro area countries

Figure I.11. Business climate and consumer confidence indicators in the European Union

Figure I.12. Inflation trends in the euro area

Figure I.13. Real interest rates in the euro area

Figure I.14. Growth of M3 in the euro area

Figure I.15. Projected output gaps and unit labour costs in euro area countries, 1999

Figure I.16. Medium-term reference scenario

Figure III.1. Real effective exchange rates and sovereign bond spreads

Figure IV.1. Standardised unemployment rates in OECD regions, 1972-98

Figure IV.2. Change in trend unemployment and employment rates, 1990-98

Figure IV.3. Part-time and temporary employment, 1985-97

Figure IV.4. Decomposition of employment rates in OECD countries, 1998

Figure IV.5. Follow-through on policy recommendations to implement the Jobs Strategy

Figure IV.6. Follow-through in implementing labour market reforms and performances, 1990-98

Figure IV.7. Cyclical variability and trend unemployment, 1990-98

Figure V.1. Alternative CO2 concentration paths

Figure V.2. Average costs of alternative scenarios, 2010-50

Figure VI.1. Factors behind twenty-nine bank insolvencies

Figure VI.2. Current account balances in selected emerging market countries

Figure VI.3. Nominal and real effective exchange rates

Figure VII.1. Change in current account balances, 1996-98

Figure VII.2. Relative output gaps and trade balances on goods and services in the main OECD regions, 1990-98

Figure VIII.1. Protection in the agriculture sector

Figure VIII.2. Number of notifications of technical barriers to trade.

Figure VIII.3. Anti-dumping initiations and economic slack

Figure VIII.4. Trade openness

Figure VIII.5. Comparative price performance in manufacturing

Editorial

I. General assessment of the macroeconomic situation

The global situation and the outlook for the OECD area

Policy considerations in an uncertain global environment

Is the impact of the crisis in emerging markets on OECD countries waning?

The United States: how solid is the expansion?

Table I.9. Manufacturing in the US economy.

Table I.10. The openness of the US economy

Japan: structural reform needs to be stepped up

Figure I.7. Risk premia in Japan

Figure I.8. Profit margins in the Japanese non-financial corporate sector

Europe: coping with cyclical divergence

Appendix: The OECD medium-term reference scenario

Scope and key assumptions

Broad features of the reference scenario

Table I.14. Fiscal trends in the medium-term reference scenario

II. Developments in individual OECD countries

United States

Higher stock prices boost consumption

But falling capacity utilisation points to lower investment

Employment, income and in ation

Unemployment has fallen steadily

But inflation continues to slow

Financial indicators

Demand and output

External indicators

Japan

A deep recession is still underway

Countering the credit crunch

Employment, income and inflation

Financial indicators are still depressed.

Falling short-term bank credit risks.

Notes:

Bibliographic Level Mode of Issuance: Monograph

Description based on print version record.

Description based on publisher supplied metadata and other sources.

ISBN:

92-64-17313-7

OCLC:

732878161