We study how the structure of housing finance affects the transmission of monetarypolicy shocks. We document three main facts: first, the features of residentialmortgage markets differ markedly across industrialized countries; second, and accordingto a wide range of indicators, the transmission...

This paper examines the fiscal policy challenges for oil-centred economies over the past few years in general, focusing on developments in four major oil-exporting countries in EU neighbouring regions: Algeria, Nigeria, Russia and Saudi Arabia