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This paper assesses empirically whether or not current account reversals have permanent growth effects and the role of macroeconomic policies in this process.
The global recovery is becoming self-sustained and more broad-based but is taking place at different speeds across countries and regions. Tackling high unemployment, fiscal consolidation and global imbalances remain the key challenges, says OECD Secretary-General.
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 provides new empirical results linking financial and housing wealth to household consumption for the United States, Japan and the euro area.
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.
- Economic Survey of France 2011
This paper develops a method for adjusting structural budget balances for asset price cycles and presents estimates of structural budget balances corrected for house-price and equity-price cycles for OECD countries.
A well-functioning housing market is essential for economic prosperity and well-being.
- Economic survey of the United Kingdom 2011
English, , 705kb
General assessment from Economic Outlook No. 89, May 2011.
English, , 206kb
Increasing international capital flows can support long-term income growth through a better international allocation of saving and investment.
English, , 342kb
The recovery is projected to strengthen in the near term, but there are concerns about the longer-term legacy of the crisis, particularly because of the emergence of unsustainable fiscal imbalances as well as the possible damage to long-term growth prospects.