At the current juncture oil price developments are having a sizeable impact on consumer prices in the euro area, while there is no significant evidence that stronger underlying domestic inflationary pressures are building up. Accordingly, we have left the key ECB interest rates unchanged at their historically low levels.
6  See A. Maddison, Monitoring the World Economy, 1820–1992 (OECD, 1995) and C. Alexander and K. Warwick, "Governments, Exports and Growth: Responding to the Challenges and Opportunities of Globalisation," The World Economy 30, no.1 (2007), 178. 7  See D. van Welsun and G. Vickery, "Potential Offshoring of ICT-Intensive Using Occupations," (OECD, April 2005).