House prices in Europe have shown diverging trends, and this paper seeks to explain these differences by analyzing three groups of countries: the ""fast lane"", the average performers, and the slow movers. Price movements in the first two groups are found to be driven mostly by income and trends...

This Selected Issues paper assesses the youth unemployment problem in advanced European economies, especially the euro area. Youth unemployment rates increased sharply in the euro area after the crisis. Much of these increases can be explained by output dynamics and the greater sensitivity of...

House prices in Europe have shown diverging trends, and this paper seeks to explain these differences by analyzing three groups of countries: the quot;fast lanequot;, the average performers, and the slow movers. Price movements in the first two groups are found to be driven mostly by income and...

The crisis has intensified what was previously a chronic unemployment problem in Europe; youth unemployment is now at unprecedented highs in some European countries. This paper assesses the main drivers of youth unemployment in Europe. It finds that much of the increase in youth unemployment...

The momentum for structural reforms is waning in the euro area at a time when even faster progress is needed to boost productivity and growth, achieve real economic convergence, and improve the resilience of the monetary union. What can the European Union (EU) institutions do to bridge this...

This article uses auction theory to analyze wholesale markets for wheat in Northern India. This approach enables us to characterize the market in terms of buyer asymmetries, to detect the existence of collusion, and to quantify its impact on market prices. We show that buyer asymmetries...