by Boris Cournède, Maria Chiara Cavalleri, Volker Ziemann, OECD Housing, a large and volatile sector, is often at the centre of economic crises, as a trigger or amplifier. The current situation, which is characterised by house prices approaching or exceeding pre-crisis levels in many countries, raises questions as to whether these price levels may be … More Are there ways to protect economies against potential future housing busts?
by David Carey, New Zealand Desk, OECD Economics Department. New Zealand enjoyed strong economic growth during 2016, driven by high net inward migration, solid construction activity, booming tourism and supportive monetary policy, although in per capita terms growth has been more in line with that in other advanced economies. The terms of trade have rebounded … More New Zealand has recently enjoyed strong economic growth, but housing and population ageing pose challenges