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Patterns of Recoveries for the Major Seven OECD Countries

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  • Marco Mira d'Ercole

Abstract

The paper reviews some key characteristics of the recoveries experienced by the seven major OECD countries in the 1970s and 1980s. It presents data on the cyclical evolution of demand components, fiscal and monetary variables, labour market and inflation around cyclical troughs. A final section sketches the main features of the recovery which is envisaged in the latest OECD projections, presented in Economic Outlook No 49, and compares them with those of earlier periods ... Cette note examine certaines des caractéristiques principales des processus de reprise économique dans les sept grands pays de l'OCDE dans les années 70 à 80. Elle présente des données sur l'évolution conjoncturelle des composantes de la demande, des politiques budgétaire et monétaires des marchés du travail et de l'inflation autour des points bas de cycle conjoncturel. La dernière section passe rapidement en revue les aspects essentiels de la reprise qui est envisagé dans les prévisions de l'OCDE, présentées dans les Perspectives économiques de l'OCDE N° 49, et les compare avec ceux des cycles précédents.

Suggested Citation

  • Marco Mira d'Ercole, 1991. "Patterns of Recoveries for the Major Seven OECD Countries," OECD Economics Department Working Papers 102, OECD Publishing.
  • Handle: RePEc:oec:ecoaaa:102-en
    DOI: 10.1787/728486246887
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