By Boris Cournède, Sahra Sakha and Volker Ziemann Policies that shape the housing market, such as rules concerning mortgage lending, homebuilding and rental regulation as well as taxation, can have a considerable impact on economic crisis risks and the capacity to recover from a crisis. The reason is that housing market developments strongly influence the … More Housing-related policies matter for economic resilience
By Catherine L. Mann, OECD Chief Economist and Head of the Economics Department, and Filippo Gori, Economist, Macroeconomic Policy Division, OECD Economics Department Household and corporate debt in many advanced and emerging market economies is high in the wake of the financial crisis and following a decade of low global interest rates. Should we be … More Should we worry about high household and corporate debt?
By Paula Garda, OECD Economics Department Labour markets are in a continual state of flux. Workers get employed, leave a job and become unemployed, join the labour force or leave the labour force. The balance of these flows determines the overall employment rate. Analysing workers’ ins and outs of employment is critical to our understanding … More Employment ins and outs in OECD countries
By Alain de Serres, Filippo Gori and Mikkel Hermansen, OECD Economics Department Major global crises such as the 2008-09 episode are mercifully rare, but severe recessions have been quite frequent among OECD countries over the past four decades. Even when they do not inflict long-lasting economic damages, they often entail significant costs in terms of … More Strengthening economic resilience: What lessons to draw from the post-1970s record of severe recessions and financial crises