What is the appropriate exchange rate at which neither domestic nor foreign firms gain an unfair competitive advantage? A new study examines whether the estimation methods currently being used are conducive to answering this question. It turns out that this is often not the case.

Germany has the second lowest share of homeowners of all OECD countries. This is driven by housing policies that produce incentives to rent. New studies show that alternative policies could increase the homeownership rate and reduce wealth inequality.