This paper sheds light on the complex macroeconomic effects initiated by capital income taxation using a dynamic applied general equilibrium model of the U.S. economy. The model considers impacts of policy changes on the allocation of resources across both industries and countries, and over...

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...

This paper forms part of an OECD project which addressed the issue of the structure and change in the distribution systems of seven OECD countries. The paper gives an overview of the structure of the Japanese distribution system and discusses its economic performance, both on the grounds of...

Institutional questions have become increasingly prominent in the evaluation of nearly every area of structural policy. The present article shows how formal economic analysis may be brought to bear on the problem of understanding institutions. It begins by reviewing the recent history of thought...

This paper forms part of an OECD project which addressed the issue of the structure and change in the distribution systems of seven OECD countries. The paper gives an overview of the distribution system in Sweden for the period 1970-88. Next, it addresses the question of the static and dynamic...

This paper forms part of on-going OECD work on the economic assessment of public pension systems in view of the process of the ageing of populations. It provides indicative estimates of the likely size of public pension liabilities in the main seven economies based on simplifying assumptions,...

Unemployment has emerged as one of the most pressing economic concerns in the majority of OECD countries. However, experiences differ across countries as regards the level, volatility and composition of unemployment. Nevertheless, a common feature in many countries is that given levels of wage...

This paper forms part of an OECD project which addressed the issue of the structure and change in the distribution systems of seven OECD countries. The paper discusses the role of distribution systems in the Italian economy and gives an overview of the transformation of the Italian distribution...

This paper forms part of an OECD project which addressed the issue of the structure and change in the distribution systems of seven OECD countries. The paper begins with a conceptual framework describing the functions, market outcomes and economic implications of the distribution sector. Next,...