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This paper examines how the the distributive impact of macroeconomic shocks is shaped by selected institutions. It uses a dynamic stochastic general equilibrium (DSGE) framework with heterogeneous agents and an endogenous collateral constraint.
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.
Trade can be impeded by inefficient transport infrastructure, border procedures or information flows. Better logistics services reduce trade costs for businesses and improve the competitiveness of a country's exports, according to this study. (OECD Trade Policy Working Paper No. 108)
Apparent characteristics of the Hungarian banking market such as large profits and high margins suggest weak competitive pressures. Weak competition in turn, may reduce efficiency in a lack of pressures to converge to marginal cost and to stimulate managerial efforts to reduce X-inefficiency.
Who should manage the RIA process? Who should be in charge of administrative simplification initiatives? How should Regulatory Oversight Bodies (ROBs) be designed, and be monitored? This Working Paper focuses on what the existing ROBs actually do, classifying them into core functions.
The estimated medium-term impact of Basel III implementation on GDP growth is in the range of -0.05 to -0.15 percentage point per annum.
The extent of competition in product markets is an important determinant of economic growth in both developed and developing countries.
In the 2000s, Turkey has enjoyed rapid catching–up. This was possible despite the adverse business environment, as the semi–formal and informal economy had a significant contribution to the expansion of the private sector.
This paper provides a broad overview of policy goals and instruments and commonly used performance and policy indicators related to land transport.
Indonesia’s infrastructure is in poor shape, having suffered from protracted under-investment since the Asian financial crisis of the late 1990s, and constraints growth potential.