Latest Documents


21-July-2011

English

HOUSING: Predicting peaks and troughs in real house prices

OECD work prior to the financial crisis suggested that real prices in several housing markets had become vulnerable to a change in financial and economic conditions, with the risk of a subsequent downturn becoming increasingly possible, as proved to be the case.

21-July-2011

English

How to move product market regulation in New Zealand back towards the frontier

From the mid 1980s, New Zealand was widely considered to be a leader in liberalising product market regulation (PMR).

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5-July-2011

English

Policies to rebalance housing markets in New Zealand

A considerable housing boom has been a key feature of persistently large saving investment imbalances in New Zealand over the past decade.

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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.

24-June-2011

English

Estonia: making the most of globalisation

Estonia has already experienced many benefits of increasing international integration, most obviously in significant convergence.

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23-June-2011

English

The effects of downturns on labour force participation: evidence and causes

This paper uses an impulse-response function approach to assess the magnitude and persistence of the labour force participation effects of downturns for a sample of 30 countries over the period 1960-2008.

6-June-2011

English

The growth effects of current account reversals: the role of macroeconomic policies

This paper assesses empirically whether or not current account reversals have permanent growth effects and the role of macroeconomic policies in this process.

6-June-2011

English

Towards a better understanding of the informal economy

This paper critically reviews the current state of cross-country research on informality and discusses how existing data sources can be more effectively employed and extended to shed light on the link between public policies and informality.

6-June-2011

English

A dynamic factor model for world trade growth

This paper reviews the main monthly indicators that could help forecasting world trade and compares different type of forecasting models using these indicators.

31-May-2011

English

Housing policies in France

Housing policies in France are designed to meet several objectives. They consist primarily in ensuring that all households have housing that corresponds to their needs and financial means.

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