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Working Papers


  • 4-July-2011

    English

    The sharing of macroeconomic risk: who loses (and gains) from macroeconomic shocks

    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.

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  • 24-June-2011

    English

    Estonia: making the most of globalisation

    Estonia has already experienced many benefits of increasing international integration, most obviously in significant convergence.

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  • 23-June-2011

    English

    The effects of downturns on labour force participation: evidence and causes

    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.

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  • 6-June-2011

    English

    The growth effects of current account reversals: the role of macroeconomic policies

    This paper assesses empirically whether or not current account reversals have permanent growth effects and the role of macroeconomic policies in this process.

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  • 6-June-2011

    English

    Towards a better understanding of the informal economy

    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.

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  • 6-June-2011

    English

    A dynamic factor model for world trade growth

    This paper reviews the main monthly indicators that could help forecasting world trade and compares different type of forecasting models using these indicators.

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  • 31-May-2011

    English

    Housing policies in France

    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.

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  • 31-May-2011

    English

    Improving the functioning of the housing market in the United Kingdom

    A well-functioning housing market is essential for economic prosperity and well-being.

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  • 19-May-2011

    English

    The effect of episodes of large capital inflows on domestic credit

    This paper analyses the effect of capital inflow shocks on the evolution of domestic credit.

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  • 19-May-2011

    English

    Medium-term determinants of international investment positions: the role of structural policies

    This paper provides an empirical investigation of the medium-term determinants of international investment positions for a large sample of advanced and emerging economies.

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