13 mars 2016

Improving investment asset allocation decisions

By Markus Schuller. Professional managers of other people’s money, like regional banks, private banks, wealth managers, investment companies, (multi-) family offices, etc. are confronted for the first time in decades with a situation that forces them to do one of the following. More...

Posté par pcassuto à 23:08 - - Permalien [#]


Interim Economic Outlook: Elusive global growth outlook requires urgent policy response

By admin. Global GDP growth in 2016 is projected to be no higher than in 2015, itself the slowest pace in the past five years, according to the latest OECD Interim Economic Outlook. The OECD projects that the global economy will grow by 3 percent this year and 3.3 percent in 2017, which is well below long-run averages of around 3¾ percent. More...

Posté par pcassuto à 23:06 - - Permalien [#]

Floods, droughts and doubts

By Patrick Love. Job, in the book of the Bible he gave his name to, was a whiner’s whiner. His version of Happy Birthday includes the catchy lines “May the day of my birth perish and may God above not care about it; may no light shine on it. May gloom and utter darkness claim it once more.” Not a man to see a glass as half full or half empty, for Job it would be smashed on the floor and slice open your foot. More...

Posté par pcassuto à 23:04 - - Permalien [#]

Pollution Havens – just a delusion?

By Christina Timiliotis and Tomasz Kozluk. Governments in the OECD and elsewhere must intensify efforts to mitigate pollution levels, if the international agreement of the latest COP 21 – pledging to keep global warming below 2 degrees – is to be more than just a loose promise. Against this background, policy makers need to enforce environmental regulations that oblige firms to account for the impact their actions have on the environment, and increase the price of using the environment as a factor of production. More...

Posté par pcassuto à 19:34 - - Permalien [#]

Gender quotas for corporate boards – do they work? Lessons from Norway

By Piritta Sorsa. Norway has been a pioneer in using gender quotas for corporate boards. Gender balance can enrich board decisions with more diverse opinions and broader understanding of client needs (Storvik-Teigen 2010). Some studies show that more gender balanced boards improve return to investment or stock prices (Erhadrt-Werbel-Shrader (2003), Carter, Simkins and Simpson 2003). However, most OECD countries have very few women on corporate boards (Figure) reflecting cultural barriers or perceived lack of candidates. More...

Posté par pcassuto à 19:32 - - Permalien [#]


Restoring healthy growth: policies for higher and more inclusive productivity

By Alain de Serres. Our Going for Growth report released last week at the margin of the G20 Finance Ministers and Central Bank Governors meeting came out at the time when near-term global growth prospects are again clouded. Emerging-market economies are losing steam, world trade is slowing down and heightened uncertainties are holding back investment in both emerging and advanced economies. More...

Posté par pcassuto à 19:31 - - Permalien [#]

The refugee crisis: a challenge but also an opportunity for improving policies to integrate immigrants

By Gabor Fulop. The ongoing refugee crisis in Europe has particularly affected the Netherlands. Asylum requests surged in 2015 to nearly 60 000 (Panel A), more than three times the yearly average of 2010-14. This is a significant challenge for the authorities, who need to provide decent housing and help these people finding a job for the time they will stay in the Netherlands as refugees, which could be much longer than expected. Getting work is key for refugees to develop social contacts and economic independence, and acquiring new skills could be helpful for those refugees who eventually return to their own country. Therefore, good policies to facilitate the labour market integration for migrants are critical. More...

Posté par pcassuto à 19:29 - - Permalien [#]

Connecting the dots on income inequality: what do official sources suggest when adjusted for top incomes?

By Nicolas Ruiz. Concerns about the distribution of income weigh heavily in the public policy debate and the economic crisis has added urgency to deal with the policy issues related to inequality. But if the current challenges are clear, there is less common understanding about the definition and measurement of income inequality. What may be seen as a straightforward concept to measure turns out in practice to be hard to quantify in a reliable way. More...

Posté par pcassuto à 19:28 - - Permalien [#]

Yes, finance fuels income inequality

By Boris Cournede. The Great Financial Crisis has prompted a lively debate, where the financial sector has been accused of not only triggering crises but also concentrating income in the hands of a few. The Occupy Wall Street movement in New York coined the slogan “we are the 99%”, that is to say the bottom 99% in the income distribution. The OECD in Paris has extensively probed the data to examine how finance influences the distribution of income. More...

Posté par pcassuto à 19:25 - - Permalien [#]

Unsatisfactory global growth: A call to policy action!

By Catherine L. Mann. Our Interim Economic Outlook launched today shows a troubling picture—world growth stuck at 3% in 2016, and only 3.3% in 2017, with substantial volatility in financial markets raising new risks.  The OECD’s mantra is “better policies for better lives”  and that is central to our assessment that a stronger policy response is urgently needed to get global growth out of this low-growth equilibrium. More...

Posté par pcassuto à 19:23 - - Permalien [#]