In the vast majority of OECD economies, house prices in real terms have been moving up strongly since the mid-1990s. Because of the important role housing wealth has been playing during the current upswing, this paper will look more closely at what is underlying these developments for 18 OECD...

Van den Noord and Atkinson focus their analysis on public expenditure. They review public expenditure trends and examine public expenditure policies from three points of view (macroeconomic sustainability, allocative efficiency and technical efficiency). They discuss the experiences of OECD...