1 “...This Selected Issues paper on Spain focuses on differences in regional productivity. Recent studies...”

2 “... differences. Energy price inflation in Belgium is among the highest in the euro area, in part driven...”

3 “... growth rate has been low and not favored convergence, and differences in output per hour worked across...”

4 “... of regulatory arbitrage arising from differences in regulatory and supervisory approaches between the National...”

5 “... taxes and expenditure is germane because this displays important differences vis-á-vis European peers...”

6 “..., with some key differences across sectors. Although the overall space for budgetary savings appears limited...”

7 “... would eliminate differences in the tax treatment of foreign and Swiss sourced income. Further, cantons...”

8 “...This Selected Issues paper focuses on cross-country differences in savings rates in advanced...”

9 “... competitiveness through different real effective exchange rate (REER) measures and examines the main factors...”

10 “... key features of Czechia and Germany’s positions in global value chains, as well as key differences...”

11 “..., broadly unchanged from the April 2019 World Economic Outlook, masks significant differences between...”

12 “... nature, the differences in their mandates and, importantly, their different accounting policies...”

13 “... differences. Shocks to house prices, unemployment, and bank balance sheets were most severe in Ireland...”

14 “..., and the difference with Germany has been widening. Compared with other countries, spending is particularly high...”

15 “... in the Netherlands, taking into consideration different perspectives. The paper also presents different measures...”

16 “... degree of uncertainty. As this paper illustrates, the use of different methodologies and assumptions can...”

17 “...Denmark’s public expenditure as a share of GDP is the highest in the OECD. The main difference...”

18 “... from adverse economic and business conditions. Solvency and funding shocks under different...”

19 “...This Financial Sector Stability Assessment report reviews economic development and different fiscal...”

20 “... between different forms of businesses, leading to organizational inefficiencies and a misallocation...”