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Herd, Richard; Conway, Paul; Hill, Sam; Koen, Vincent; … - Economics Department, Organisation de Coopération et … - 2011

In recent years, India has enjoyed one of the highest growth rates worldwide, weathering the global financial crisis … investment. Stepping up structural reforms will also be necessary if double-digit growth rates are to be achievable over the … strengthen social welfare systems and access to health and education to ensure widespread benefits from continued high growth …

Persistent link: https://www.econbiz.de/10009191040

Has the Rise in Debt Made Households More Vulnerable?

Girouard, Nathalie; Kennedy, Mike; André, Christophe - Economics Department, Organisation de Coopération et … - 2006

This paper reviews, for a number of OECD economies, macroeconomic developments in household balance sheets over the past two decades. The main findings show that the rise in household debt to historical levels has been driven by a combination of favourable financial conditions and buoyant...

Persistent link: https://www.econbiz.de/10005046249

Deleveraging: Challenges, Progress and Policies

Bouis, Romain; Christensen, Ane Kathrine; Cournède, Boris - Economics Department, Organisation de Coopération et … - 2013

financial sector, possible future deleveraging will be more damaging to growth if it involves reducing assets rather than …

Persistent link: https://www.econbiz.de/10011276972

The Short-Term Effects of Structural Reforms: An Empirical Analysis

Bouis, Romain; Causa, Orsetta; Demmou, Lilas; Duval, Romain - Economics Department, Organisation de Coopération et … - 2012

effects vary with prevailing economic conditions and institutions. Impulse responses of aggregate outcomes (GDP growth …

Persistent link: https://www.econbiz.de/10011007419

The Significance of Switzerland's Enormous Current-Account Surplus

Jarrett, Peter; Letremy, Céline - Economics Department, Organisation de Coopération et … - 2008

Switzerland has had a long-standing surplus on its current account. But over the past 15 years that surplus has surged to levels unmatched by nearly any other OECD country at any point. This paper looks at the surplus from a balance of payments vantage point as well as from the optic of the...

Persistent link: https://www.econbiz.de/10005045585

Differences in Resilience Between the Euro-Area and US Economies

Drew, Aaron; Kennedy, Mike; Sløk, Torsten - Economics Department, Organisation de Coopération et … - 2004

This paper is concerned with how stylised differences in monetary policy transmission mechanisms and product and labour market rigidities between the US and euro-area economies affect their resilience to temporary shocks. To address this issue, a small general equilibrium model with long-run...

Persistent link: https://www.econbiz.de/10005046023

The Danish Housing Market: Less Subsidy and more Flexibility

Erlandsen, Espen; Lundsgaard, Jens; Hüfner, Felix - Economics Department, Organisation de Coopération et … - 2006

While Denmark has fairly flexible labour and product markets in most respects, the housing market stands out with large direct and indirect subsidies for all types of housing and a highly regulated rental market hindering mobility, probably resulting in a mismatch between housing needs and use....

Persistent link: https://www.econbiz.de/10005046153

Corporate Net Lending: A Review of Recent Trends

André, Christophe; Guichard, Stéphanie; Kennedy, Mike; … - Economics Department, Organisation de Coopération et … - 2007

Since 2001, OECD corporate net lending has risen sharply. This paper examines the main forces at play behind this run-up and provides some insight into whether and how they might possibly unwind in the future, a process that may already be underway. It shows in particular that, the increase is...

Persistent link: https://www.econbiz.de/10005046266

Raising Investment in Brazil

Arnold, Jens - Economics Department, Organisation de Coopération et … - 2011

Low investment rates are limiting Brazil’s future potential growth rate. This paper analyses a number of potential …

Persistent link: https://www.econbiz.de/10009350673

The Impact of Structural Policies on Saving, Investment and Current Accounts

Kerdrain, Clovis; Koske, Isabell; Wanner, Isabelle - Economics Department, Organisation de Coopération et … - 2010

saving, investment and current accounts through their impact on macroeconomic conditions such as productivity growth or …

Persistent link: https://www.econbiz.de/10008752697