《工程力学A》课程教学大纲Title.ppt

COMPARABILITY OF SAVING AND PROFIT RATIOS OECD National Accounts Experts Meeting Chateau de la Muette, Paris 7-10 October 2003 Background Discussion of alternative household saving measures at October 2002 NAEM ECB/OECD project Detailed examination of institutional sector accounts for the euro area, the United States and Japan with particular emphasis on household saving ratios, profit ratios and investment ratios Scope of this paper Household saving ratios Profit ratios Household saving ratios Issues relating to the basic measure of the household saving ratio Gross or net? Include NPISH? Change in net equity of households on pension funds Adjusted household disposable income Proposed definition for use in OECD Statistical Databases (including Annex Table 24 of Economic Outlook) Further adjustments to the household saving ratio Statistical Annex Table 24, OECD Economic Outlook Reproduced as Table 1 - shows household saving ratios for 21 member countries Footnotes to this table indicate differences in the data currently being published for various countries OECD Economics Department tends to use measures for the household saving ratio and other variables that will be readily recognised in the member countries Hence what is published by member countries in their own national accounts has an effect on international comparability Gross or net household saving Net is the preferred measure Only use gross if COFC estimates are deficient Data for 7 countries is currently shown gross Recommendation 1: It is recommended that the seven countries (Belgium, Denmark, Italy, Portugal, Spain, Switzerland and the United Kingdom) include household saving ratios in their national accounts publications on a net basis instead of, or in addition to, the gross measures. Include NPISH Data for 5 countries currently exclude NPISH Recommendation 2: In the interests of international comparability it is recommended that the five countries (Czech Republic, Finland, France, Japan and New Ze