본문 바로가기 주메뉴 바로가기
22대 대한민국 국회 국회정보길라잡이 국회의원검색
회원가입 로그인
HOME

정보검색

소장정보 검색

국회도서관 홈으로 정보검색 소장정보 검색

결과 내 검색

동의어 포함

고급검색

인명/단체명

저자정보 상세정보
인명/단체명을 입력하세요.

키워드

  • 대표어

  • 외국어

-

목차보기

Title page 1

Contents 5

Abstract/Résumé 4

Introduction 6

The recovery was swifter and inflation was more persistent than anticipated 8

The strength of the recovery from the pandemic was long underestimated 8

The rise of inflation was underestimated 10

Fiscal and monetary policy remained accommodative until late 2021 12

OECD policy advice evolved during the COVID-19 pandemic 15

An examination of macroeconomic policy advice during the COVID-19 pandemic 19

Vaccination campaigns were taking off with uncertain outcomes 19

The pandemic topped a period of low inflation often below target 20

Supply constraints were seen as temporary 21

National accounts at the time gave a wrong impression about the state of the recovery 21

Assessment and conclusion 24

References 26

Annex A. Additional Figures and Tables 29

Figures 5

Figure 1. Real-time data and projections systematically and persistently underestimated GDP 9

Figure 2. GDP was subject to significant revisions during the recovery from the pandemic 10

Figure 3. OECD inflation projections repeatedly understated actual inflation 11

Figure 4. The rise in inflation was underestimated by all major market observers 11

Figure 5. Strong deficit spending and very low interest rates remained in place until late 2021 13

Figure 6. Most Central and Eastern European countries experienced relatively high inflation 15

Figure 7. Non-euro area CEE countries started monetary tightening in 2021 15

Figure 8. Fiscal and monetary policy recommendations turned restrictive through 2021 17

Figure 9. Concerns about reallocation and the recovery dominated during most of the time 18

Figure 10. Vaccination rates rapidly increased in mid-2021, with varying rates across countries 19

Figure 11. The degree of economic slack in H1 2021 was systematically overestimated 22

Figure 12. The unemployment rate was uninformative of the output gap during the pandemic 23

Boxes 5

Box 1. Policy coordination became increasingly challenging for the euro area in 2021 14

Box 2. Economic assessments and policy advice in Economic Outlook country notes 16

Annex Tables 5

Table A.1. Analysis of inflation forecast errors 32

Table A.2. Overview of Economic Survey EDRC discussion dates 32

Annex Figures 5

Figure A.1. The recovery from the 2008/2009 Global Financial Crisis was much slower 29

Figure A.2. Policy advice in OECD Economic Surveys during 2020/2021 30

Figure A.3. The narrative underlying Economic Survey key recommendations changed from concerns for supporting the recovery to fiscal and debt sustainability 31

추천서가 (다양한 추천 자료를 만나보세요)

권호기사보기

권호기사 목록 테이블로 기사명, 저자명, 페이지, 원문, 기사목차 순으로 되어있습니다.
기사명 저자명 페이지 원문 기사목차

권호

기사명 원문보기 기사목차
닫기