Analysis of the real estate sector in Estonia in recent years: multifactor housing demand and housing supply constraints. Was the price right and is it now? What next?

The housing sector was a significant driver of Ireland's growth performance during the last decade, reflecting strong country-specific fundamentals. While supply and demand factors can explain much of the developments of prices during last 27 years, there is evidence of overshooting in the later...

The paper summarises UK house price developments since the mid-1990s and reviews evidence of demand and supply factors that have contributed to the house price boom. Strong growth in UK house prices since 1997 is partly explained by rising average incomes and falls in mortgage interest rates....

We augment a standard monetary DSGE model to include a banking sector and financial markets. We fit the model to Euro Area and US data. We find that agency problems in financial contracts, liquidity constraints facing banks and shocks that alter the perception of market risk and hit financial...

The paper shows that monetary policy shocks exert a substantial effect on the size and composition of capital flows and the trade balance for the United States, with a 100 basis point easing raising net capital inflows and lowering the trade balance by 1% of GDP, and explaining about 20-25% of...

The overall objective of the present study is to improve the quality the EC and other donors’ media support by providing an analyses of the EC ́s assistance so far and recommendations on future strategies and modalities. This present report focuses on the activities so far, while a separate...

The present report is an evaluation of the projects aiming at the abolition of the death penalty (ADP), financed under the European Initiative on Democracy and Human Rights (EIDHR). The evaluation, undertaken between November 2006 and February 2007, covers a portfolio of 28 projects, some dating...