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Full Description
Reforms in labour and product markets play a central role in government policies. The Political Economy of Structural Reforms in Europe takes stock of current frontier work. It brings together leading contributions from academia, the central banks in Europe, and the OECD to argue that structural reforms can make a fundamental contribution to improve economic performance across Europe.
The Political Economy of Structural Reforms in Europe brings together theoretical and empirical studies that address the potential role of structural reforms in restoring macroeconomic stability, resuming economic growth, addressing income inequality, and grappling secular stagnation. It throws new light on the determinants and effects of structural reforms and on how these shape the European integration experience.
Contents
Nauro F. Campos, Paul De Grauwe, and Yuemei Ji: Introduction
1: Nauro F. Campos, Paul De Grauwe, and Yuemei Ji: Structural Reforms, Growth and Inequality: An Overview of Theory, Measurement and Evidence
2: Antonio Dias da Silva, Audrey Givone, and David Sondermann: When do countries implement structural reforms?
3: Nauro F. Campos and Jeffrey B. Nugent: The Dynamics of the Regulation of Labour in Developing and Developed Countries since 1960
4: Jan Bruha and Oxana Babecká Kucharcuková: Growth, unemployment and wages in EU countries after the Great Recession: The Role of Regulation and Institutions
5: Britta Gehrke and Enzo Weber: Reforming the Labor Market in Good and Bad Times: Any Differences
6: Rana Sajedi: Short-Run Costs of Structural Reforms: What Role for Fiscal Policy?
7: Balázs Égert and Peter Gal: The Quantification of Structural reforms in OECD Countries: A New Framework
8: Oleg Badunenko: Labour Market Regulations and Growth: Growth Accounting Evidence
9: Gilbert Cette, Jimmy Lopez, and Jacques Mairesse: Labour Market Regulations and Capital Intensity
10: Matteo Fiorini and Bernard Hoekman: Services Market Liberalization, Economic Governance, and Trade Agreements
11: Kieran McQuinn and Karl Whelan: Europe's Long-Term Growth Prospects: With and Without Structural Reforms
Nauro F. Campos, Paul De Grauwe, and Yuemei Ji: Conclusion
