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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.
From the mid 1980s, New Zealand was widely considered to be a leader in liberalising product market regulation (PMR).
A considerable housing boom has been a key feature of persistently large saving investment imbalances in New Zealand over the past decade.
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.
Estonia has already experienced many benefits of increasing international integration, most obviously in significant convergence.
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.
This paper assesses empirically whether or not current account reversals have permanent growth effects and the role of macroeconomic policies in this process.
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.
This paper reviews the main monthly indicators that could help forecasting world trade and compares different type of forecasting models using these indicators.
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.