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Increased international capital flows can support long-term income growth through a better international allocation of saving and investment.
This paper provides an empirical investigation of the medium-term determinants of international investment positions for a large sample of advanced and emerging economies.
This paper provides an empirical investigation of the relationship between surges in capital inflows and the probability of subsequent banking, currency and balance-of-payment crises.
Meeting of National Economic Research Organisations, OECD Headquarters, 20 June 2011
In this paper we describe the main features of the French social housing system as viewed from abroad, and place it within the context of systems in other major developed countries, particularly in Europe.
Housing plays a key role in the economy, because of its weight in household expenditures and assets, its importance for social well being, and its impact on educational outcomes and employment as well as on the business cycle.
Italy has been recovering only slowly from its worst post-war recession. Despite recent reform efforts, many structural problems that have in the past been a serious drag on labour productivity persist. The government has contained the budget deficit to some extent but needs to continue.
The 11 March earthquake is the country's worst disaster of the post-war period and addressing reconstruction needs must be a priority. Policy must then be directed to sustaining growth through; correcting the fiscal situation, addressing labour market dualism and reforming education.
Estonia is recovering from a deep recession. Main policy challenges are: avoid cyclical unemployment becoming structural; strengthen fiscal framework; address non performing loans; reap efficiency gains in government operations and make more out of globalisation as a sustainable driver of growth
Going for Growth 2011 takes stock of recent progress in implementing policy reforms to improve labour productivity and utilisation that were identified as priorities in the 2010 edition.