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Working Papers


  • 15-December-2010

    English

    Resolving and avoiding unsustainable imbalances in the euro area

    Some euro area countries accumulated large and persistent external imbalances during the upswing, revealing important weaknesses in the macroeconomic management of the monetary union.

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  • 15-December-2010

    English

    Minimising risks from imbalances in European banking

    The euro area financial system took excessive risks during the global credit boom, which in some countries led to an unsustainable increase in credit, higher asset prices and housing booms.

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  • 15-December-2010

    English

    Improving fiscal performance through fiscal councils

    There is growing interest in the role of independent fiscal institutions, or fiscal councils, in helping to improve fiscal performance.

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  • 6-August-2010

    English

    The Use of International Standards in Technical Regulation

    To what extent do governments use international standards in their technical regulations? This paper looks at the electrical household appliance, natural gas equipment and telephony sectors in Canada, Japan, Korea, Mexico, United States and the European Union.

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  • 22-July-2010

    English

    European Union: Catching up and inflation: Balassa-Samuelson, Engel’s law and other culprits

    This study analyses the impact of economic catching up on annual inflation rates in the European Union with a special focus on the new member countries of Central and Eastern Europe.

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  • 5-July-2010

    English

    Gauging the impact of higher capital and oil costs on potential output

    Higher oil prices and the prospect of higher borrowing costs are likely to reduce the productive potential of OECD economies. The present study provides illustrative numerical estimates of the impact under different scenarios using a stylised model based on a production function.

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  • 9-June-2010

    English

    European energy policy and the transition to a low–carbon economy

    European energy policy faces a number of interrelated challenges, including making the transition to a low–carbon economy, increasing cross–border competition in electricity and gas markets and diversifying Europe’s energy supply.

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  • 27-April-2009

    English

    Structural reforms and the benefits of the enlarged EU internal market: Much achieved and much to do

    High expectations surrounded the two waves of eastward EU enlargement in 2004 and 2007, with the extension of the EU Internal Market being expected to deliver a substantial boost to economic growth in new and old member States alike.

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  • 6-March-2009

    English

    Quantifying the effect of financial conditions in the Euro Area, Japan, United Kingdom and United States

    This paper constructs a broad measure of financial conditions for the United States, Japan, the Euro Area and the United Kingdom, by extending monetary condition indices which are traditionally used to gauge the impact of monetary policy on the economy.

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  • 24-February-2009

    English

    Financial market stability in the European Union: Enhancing regulation and supervision

    Although the European authorities should be commended for the progress they have made in updating and improving frameworks and responding to the financial turmoil, more can be done.

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