Summarises the conclusions from research which explore how people learn to start and grow high performing businesses. Seeks to understand better the ways in which individuals learn to act entrepreneurially and also suggests how this understanding might influence the design of more effective...

The structural rate of unemployment and associated non-accelerating inflation rate of unemployment (the NAIRU) are of major importance to the analysis of macro and structural economic developments, although in practice these concepts are not well defined and there is considerable uncertainty and...

This paper highlights the factors that limit or increase cyclical divergence in the euro area and reviews one policy area that is important in fostering a speedy adjustment to shocks: the transmission of monetary policy via the housing market. A high interest rate sensitivity of housing markets...