Olivier Blanchard, 12 October 2010

A “strong, balanced, and sustained world recovery” as demanded by the G20 is a daunting challenge for policymakers. This column argues that two rebalancing acts are required: internal rebalancing – replacing government spending with private-sector demand, and external rebalancing – addressing the global imbalances between exporting and importing countries. These two rebalancing acts, it adds, are taking too long.

Daniel Gros, 25 October 2007

Euro-area housing prices have risen almost as much as those of the US. For decades, euro-area housing prices have followed those of the US quite closely. Are Euro-area housing prices headed for a slump?

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