13-May-2011
English
Housing plays a key role in the economy, because of its weight in household expenditures and assets, its importance for social well being, and its impact on educational outcomes and employment as well as on the business cycle.
5-May-2011
English
This paper reviews key policy messages and warnings about developments in the run-up to the global financial and economic crisis that began in mid-2007.
15-April-2011
English
This paper presents an empirical analysis of the determinants of inflation in the United States, Japan, the euro area and the United Kingdom, focusing on the role of resource utilisation, inflation expectations, inflation persistence and imported inflation.
15-April-2011
English
Interest rate pass-through during the global financial crisis: the case of SwedenA stable relationship between monetary policy rates and bank lending and deposit rates faced by consumers and companies is essential for the effective transmission of monetary policy decisions.
7-April-2011
English
Australia faces the mutually reinforced challenges of boosting labour supply and promoting social inclusion. Labour underutilisation is especially prevalent among groups such as lone parents, people with disability, and Indigenous Australians.
22-March-2011
English
Spain’s government has introduced ambitious consolidation measures, which should yield a sizeable improvement in discretionary fiscal efforts.
8-March-2011
English
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.
23-February-2011
English
After steady employment growth since the 1990s, Spain has experienced the sharpest increase in unemployment among OECD countries during the crisis, amplified by structural problems of the labour market.
22-February-2011
English
South Africa’s macroeconomic framework has served the economy well, but should be strengthened to make the economy more resilient to external shocks.