Publications & Documents


  • 13-March-2012

    English

    Do house prices impact consumption and interest rate? Evidence from OECD countries using an agnostic identification procedure

    This paper investigates the existence of significant spillovers from the housing sector onto the wider economy for the seven major OECD countries using Uhlig's (2005) agnostic identification procedure.

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  • 7-March-2012

    English, , 1,747kb

    OECD Journal: Economic Studies 2010. New International Evidence on Asset-Price Effects on Investment, and a Survey for Consumption

    A survey of the literature on asset price impacts on the real economy shows a much wider range of work on consumption and related wealth effects than on investment.

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  • 24-February-2012

    English

    Economic Policy Reforms: Going for Growth 2012

    Going for Growth 2012 takes stock of recent progress in implementing policy reforms to improve labour productivity and utilisation that were identified as priorities in the 2011 edition.

  • 2-January-2012

    English

    Public spending efficiency in the Czech Republic: fiscal policy framework and the main spending areas of pensions and healthcare

    The Czech fiscal position is generally sound and policy making is prudent. However, the fiscal framework was not strong enough to contain spending in the upturn and it would benefit from independent budget oversight.

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  • 2-January-2012

    English

    Explaining the interest-rate-growth differential underlying government debt dynamics

    The differential between the interest rate paid to service government debt and the growth rate of the economy is a key concept in assessing fiscal sustainability.

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  • 21-December-2011

    English

    Current issues in managing government debt and assets

    The management of government debt and assets has important implications for fiscal positions.

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  • 14-December-2011

    English

    Systemically important banks and capital regulation challenges

    Bank regulation might have contributed to or even reinforced adverse systemic shocks that materialised during the financial crisis.

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  • 12-December-2011

    English

    Issues in private sector finance in Israel

    The 2008-09 global financial crisis did not result in the failure of any major financial institution in Israel, but it did reveal vulnerabilities in the non banking sector – particularly in the corporate bond market.

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  • 25-November-2011

    English

    Macroeconomic and structural policies to further stabilise the Mexican economy

    Improvements in the macroeconomic policy framework over the past two decades and prudent regulation of the financial system have contributed to reduce output volatility in Mexico relative to other OECD countries.

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  • 25-November-2011

    English

    Overcoming the banking crisis in Ireland

    Ireland is recovering from an extremely large banking crisis born of over-exuberant property lending. The government has taken a wide range of measures to tackle the crisis over the past 3 years.

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