Latest Documents


28-July-2011

English

How institutions shape the distributive impact of macroeconomic shocks: a DSGE analysis

This paper examines how the the distributive impact of macroeconomic shocks is shaped by selected institutions. It uses a dynamic stochastic general equilibrium (DSGE) framework with heterogeneous agents and an endogenous collateral constraint.

4-July-2011

English

The sharing of macroeconomic risk: who loses (and gains) from macroeconomic shocks

This paper addresses the often neglected question of how macroeconomic risk is shared across and within economies, and identifies reforms that could contribute towards achieving more desirable risk-sharing outcomes.

8-March-2011

English

How efficient are banks in Hungary?

Apparent characteristics of the Hungarian banking market such as large profits and high margins suggest weak competitive pressures. Weak competition in turn, may reduce efficiency in a lack of pressures to converge to marginal cost and to stimulate managerial efforts to reduce X-inefficiency.

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4-March-2011

English, , 354kb

The Impact of Structural Reforms on Current Account Imbalances, Economics Department Policy Note No. 3

Global current account imbalances widened markedly in the years preceding the global economic crisis.

17-February-2011

English

Macroeconomic impact of Basel III

The estimated medium-term impact of Basel III implementation on GDP growth is in the range of -0.05 to -0.15 percentage point per annum.

17-December-2010

English

Product market regulation and competition in China

The extent of competition in product markets is an important determinant of economic growth in both developed and developing countries.

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9-December-2010

English

Regulatory reforms to unlock long–term growth in Turkey

In the 2000s, Turkey has enjoyed rapid catching–up. This was possible despite the adverse business environment, as the semi–formal and informal economy had a significant contribution to the expansion of the private sector.

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9-December-2010

English

The land transport sector: Policy and performance

This paper provides a broad overview of policy goals and instruments and commonly used performance and policy indicators related to land transport.

26-November-2010

English

Changing for the Better: Making Reform Happen in the Aftermath of the Crisis

In his remarks to "Making Reform Happen", Angel Gurría said that "well-designed and well-implemented reforms yield a triple dividend. They lift output and employment; they strengthen public budgets and they rebalance global demand."

1-November-2010

English

Tackling the infrastructure challenge in Indonesia

Indonesia’s infrastructure is in poor shape, having suffered from protracted under-investment since the Asian financial crisis of the late 1990s, and constraints growth potential.

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