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26-April-2011
English
The financial crisis revealed flaws in pre-crisis policy frameworks.
15-April-2011
English
This paper presents a stylised model in which either a savings glut or an exchange rate peg in emerging economies drives down the level of interest rates in advanced economies and, when it hits the zero-rate bound, produces a welfare loss.
22-March-2011
English
Homeownership rates have increased significantly in many OECD countries over recent decades.
22-March-2011
English
Spain’s government has introduced ambitious consolidation measures, which should yield a sizeable improvement in discretionary fiscal efforts.
22-February-2011
English
South Africa’s macroeconomic framework has served the economy well, but should be strengthened to make the economy more resilient to external shocks.
2-February-2011
English
Raising efficiency in tax collection (notably VAT) is urgently needed, plans to unify the collection of tax and social security contributions should be implemented swiftly and drawing on EU funds needs to become more efficient.
18-January-2011
English
The housing market figures among the main determinants of labour mobility, as households seldom make employment and housing decisions independently of each other.
17-December-2010
English
As a result of reforms and financial sector development, the People’s Bank of China (PBoC) now exerts significant control over money market interest rates.
16-December-2010
English
This paper analyses the factors influencing the level and volatility of real house prices in a panel of OECD countries over the period 1980-2005.
15-December-2010
English
There is growing interest in the role of independent fiscal institutions, or fiscal councils, in helping to improve fiscal performance.
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