Caldera , Aida, De Serres, Alain, Yashiro, Naomitsu, (2016), “Structural reforms in difficult times: The priorities”, VoxEU, 4 September
Structural reforms can have adverse effects in the short run if implemented under weak macroeconomic conditions. This column argues that prioritising reform measures that bring short-term benefits even in a bad conjuncture, and packaging them to benefit from reform complementarities across product and labour markets, remains the most promising growth strategy, especially in the post-Global Crisis context
Relevant Posts
- Bordon, Anna Rose, Ebeke, Christian, Shirono, Kazuko, (2016), “When Do Structural Reforms Work? On the Role of the Business Cycle and Macroeconomic Policies”, IMF Working Paper, No. 16/62, 15 March
- Kleinknecht, Alfred, (2015), “How ‘Structural Reforms’ Of Labour Markets Harm Innovation”, Social Europe, 20 July