can have substantial negative effects on the economy, for instance by increasing the level and volatility of real house …

The decline in macroeconomic volatility from the 1980s to the onset of the Great Recession did not, in general …, translate into more microeconomic stability. While microeconomic volatility can reflect growth-generating processes, such as … creative destruction and re-allocation of resources, consumption growth volatility weighs on households’ welfare. This study …

behaviour. We find that the impact of regulation on investment is both sector and firm specific. A reduction in the degree of …

new regulation on the voluntary basis to identify the most successful solutions that can be later rolled out to the whole …

significant. Despite impressive progress, product market regulation remains more burdensome than in most OECD countries, partly … autorités de régulation sectorielles dans les industries de réseau et les prérogatives de l'Autorité de la concurrence peuvent … régulation sectorielles n'aient pas instauré des règles du jeu équitables, garantissant l'accès des tiers aux infrastructures …