Keynote speech on the release of the OECD review of Slovenia, Bado pri Kranju – 18 February 2011
Event or Meeting: Slovenia Bado Pri Kranju – OECD Economic review of Slovenia Date: 18 February 2011 File: KeynoteSloveniaR.pdf
Keynote speech – OECD Economic Survey of Slovenia
Brdo pri Kranju
Date: 18 February 2011 File: KeynoteSloveniaR.pdf
Article for OECD Yearbook (Observer) – December 2010
Publication: OECD Yearbook Observer Date: 15 December 2010 1215_OECDObserverDecember.pdf
The Acceptance Problem:
At the analytical level, it first has to be accepted that there are good ways to run an economy – promoting sustainable growth, resilience and fairness – and bad ways. With respect to structural reforms, the OECD has carried out an immense amount of analytical work over decades into how to improve the functioning of labour markets, product markets, pension arrangements, social policies (particularly education and health) fiscal policy, environmental issues, and a host of other topics. In many areas, there is now a body of agreed principles (“evidence-based”) on what is helpful in what is not. Of course, this is not to deny the point made by Mr Hyun in his Opening Remarks that in many areas the jury is still out. In short, the analytical work on structural reforms sponsored by the OECD will have to continue, not least because the world itself is constantly changing. This, in turn, can call into question even principles once thought fully agreed. (con’t…)
Event or Meeting: ???Making Reform Happen??? Conference organized by the OECD and the Korean Development Institute Date: 25 November 2010 File: Nov26_2010_MRHChairmansComments.pdf
Comments by William White on the papers by Mishkin, Fahr and all-Conference. Confrerence organised in Frankfurt on 18 November 2010 by the European Central Bank.
I wish to begin with a crucial introductory point. According to all of the models commonly in use at central banks and international financial institutions, this could not happen.
03_6th_CBC_1.5_White_proof3.pdf
03_6th_CBC_1.5_White_proof3The macroeconomic theories and models favored by academics, as well as those used more commonly by policymakers, effectively rule out by assumption economic and financial crises of the sort we are living through. (In particular, the longer-run dangers posed by the rapid expansion of credit and resulting private-sector balance-sheet developments are al- most wholly ignored.)
Publication: MONETARY AND ECONOMIC STUDIES Date: 1 November 2010
0526_MaekawalectureFinalInterview Allgemeine Frankfurter Zeitung – 14 October 2010
Publication: FAZ Date: 14 October 2010 ~16oct10_FAZ.pdf
_16oct10_FAZIMF /World Bank Edition – 7 October 2010
Date: 7 October 2010 1_19_GlobalEconomy[1].pdf
There is much debate among policymakers and economists about the timing a desir- ability of an early reduction in current large government deficits. One the one hand, many believe that an early fiscal tightening is inappropriate given the fragile nature of the global economic recovery. On the other hand, other believe that fiscal imbal- ances are so large that failure to tackle them now risks triggering another financial crisis. In this month
1001BCA oct 2010_3“Where to from here?” Remarks by William White at a symposium sponsored by the Federal Reserve Bank of Chicago, 23 September 2010
Sept_24_2010_FRBCPanelonRegulatory Reform.pdf
Sept_24_2010_FRBCPanelonRegulatory Reform_0