 | How Should Credit Gaps Be Measured? An Application to European Countries Author/Editor: Chikako Baba, Salvatore Dell'Erba, Enrica Detragiache, Olamide Harrison, Aiko Mineshima, Anvar Musayev, Asghar Shahmoradi. Release Date:January, 2020 Assessing when credit is excessive is important to understand macro-financial vulnerabilities and guide macroprudential policy. The Basel Credit Gap (BCG) – the deviation of the credit-to-GDP ratio more...
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| Immigration and Wage Dynamics in Germany Author/Editor: Sabine Klinger, Anvar Musayev, Jean-Marc Natal, Enzo Weber. Release Date:December, 2019 German wages have not increased very rapidly in the last decade despite strong employment growth and a 5 percentage point decline in the unemployment rate. Our analysis shows that a large part of the more...
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 | Demographic Headwinds in Central and Eastern Europe Author/Editor: Cristina Batog, Ernesto Crivelli, Anna Ilyina, Zoltan Jakab, Jaewoo Lee, Anvar Musayev, Iva Petrova, Alasdair Scott, Anna Shabunina, Andreas Tudyka, Xin Cindy Xu, Ruifeng Zhang. Release Date:July, 2019 The populations of Central and Eastern European (CESEE) countries—with the exception of Turkey—are expected to decrease significantly over the next 30 years, driven by low or negative net birth more...
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