The challenges of monetary policy in Turkey

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16-Oct-2008

Olcay Çulha, Ali Çulha and Rauf Gönenç

Monetary policy has been one of the main pillars of the post-2001 stabilisation programme. Encouraged by its success, the central bank shifted from implicit to explicit inflation targeting in 2006 and set a medium-term inflation target of 4%, applicable from end 2007.

Improving cost effectiveness in the health care sector in Iceland

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16-Oct-2008

Hannes Suppanz

Health outcomes and the quality of health care in Iceland are very good by international comparison, while income related health inequality appears to be smaller than in most other countries.

The challenge of rapidly improving transport infrastructure in Poland

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03-Oct-2008

Rafał Kierzenkowski

Following many years of underinvestment, renovating and building new transport infrastructure is an important policy priority that would increase labour mobility and improve Poland’s competitiveness.

Bridging the housing gap in Poland

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03-Oct-2008

Rafał Kierzenkowski

Despite a high level of homeownership, the housing market in Poland is suffering from an important shortage.

Quantifying the effect of financial conditions on US activity

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15-Sep-2008

Stéphanie Guichard and David Turner

This paper constructs a broad measure of financial conditions for the United States which suggests that since the onset of the credit crisis there has been a marked tightening in financial conditions, despite a substantial easing of policy rates and a depreciation of the dollar.

Raising education achievement and breaking the cycle of inequality in the United Kingdom

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01-Sep-2008

Anne-Marie Brook

Globalisation, together with skill-biased technical change, is changing the composition of jobs in advanced economies and raising the level of skills required to do them.

Tax reform for efficiency and fairness in Canada

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12-Aug-2008

Alexandra Bibbee

In a context of fiscal surpluses,the Canadian government has been: markedly reducing corporate income and capital taxes; providing more personal tax relief especially at lower incomes and above all for saving; and cutting the federal value added tax (GST).

Reaping the benefits of stronger competition in network industries in Germany

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08-Aug-2008

Nicola Brandt

Establishing stronger vertical separation between network access provision and potentially competitive services will be the main challenge for Germany going forward.

Modernising Canada’s agricultural policies

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05-Aug-2008

Peter Jarrett and Shuji Kobayakawa

The agricultural sector in Canada is relatively large, compared to those in most other G7 countries. In recent years, the federal and provincial governments have undertaken a number of sectoral reforms to meet the competitiveness and environmental challenges that it faces.

Recent trends and structural breaks in US and EU15 labour productivity growth

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05-Aug-2008

Laure Turner and Hervé Boulhol

This paper examines shifts in labour productivity growth in the United States and in Europe between 1970 and 2007 based on econometric tests of structural breaks.

Economic Survey of Spain 2008

Economic Survey of Spain 2008

Economic survey of Luxembourg 2008

Economic survey of Luxembourg 2008