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When Do Structural Reforms Work? On the Role of the Business Cycle and Macroeconomic Policies

2016-03-15 Business & Economics
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Release : 2016-03-15
Genre : Business & Economics
Kind : eBook
Book Rating : 243/5 ( reviews)

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Book Synopsis When Do Structural Reforms Work? On the Role of the Business Cycle and Macroeconomic Policies by : MissAnna Rose Bordon

Download or read book When Do Structural Reforms Work? On the Role of the Business Cycle and Macroeconomic Policies written by MissAnna Rose Bordon. This book was released on 2016-03-15. Available in PDF, EPUB and Kindle. Book excerpt: Structural reforms are expected to lift growth and employment, but their effects are surprisingly difficult to pin down empirically. One reason is their potential endogeneity to the economic environment in which they are conducted. For example, the impact of a reform implemented shortly before a cyclical upswing is difficult to distinguish from the recovery itself. Similarly, macroeconomic policies conducted along a structural reform could affect the estimated impact. Exploring various options, this paper develops robust estimates of the impact of labor and product market reforms by using local projection techniques while controlling for endogeneity of reforms and other biases. The results suggest that labor and product market reforms have a lagged but positive impact on employment creation, and the positive effect remains even after controlling for the endogeneity of the decision to reform. Supportive macroeconomic policies are found to increase the effect of labor and product market reforms, consistent with the view that some structural reforms are best initiated in conjunction with supportive fiscal or monetary policy.

Structural Reform and Macroeconomic Policy

2004-06-29 Business & Economics
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Release : 2004-06-29
Genre : Business & Economics
Kind : eBook
Book Rating : 443/5 ( reviews)

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Book Synopsis Structural Reform and Macroeconomic Policy by : R. Solow

Download or read book Structural Reform and Macroeconomic Policy written by R. Solow. This book was released on 2004-06-29. Available in PDF, EPUB and Kindle. Book excerpt: The relation between structural reform and macroeconomic policy underlies the widespread perception that the large European economies have under-performed in the past decade in comparison both with their own standards and with the contemporaneous performance of the United States. This book, edited and introduced by Noel Laureate Robert M. Solow, provides analyses of how these economies could take a co-ordinated and simultaneous approach to reform in labour and product markets and the demand side.

Macroeconomic Policies and Structural Reform

1996 Business & Economics
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Release : 1996
Genre : Business & Economics
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis Macroeconomic Policies and Structural Reform by : Organisation for Economic Co-operation and Development

Download or read book Macroeconomic Policies and Structural Reform written by Organisation for Economic Co-operation and Development. This book was released on 1996. Available in PDF, EPUB and Kindle. Book excerpt: Contains the papers presented at the international conference "Interactions between structural reform, macroeconomic policies and economic performance" & summarises discussions held. Part of the follow-up programme of work [from] the OECD jobs study. - On cover: OECD proceedings

Structural Reforms and Macroeconomic Performance - Country Cases

2015-10-14 Business & Economics
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Release : 2015-10-14
Genre : Business & Economics
Kind : eBook
Book Rating : 100/5 ( reviews)

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Book Synopsis Structural Reforms and Macroeconomic Performance - Country Cases by : International Monetary Fund

Download or read book Structural Reforms and Macroeconomic Performance - Country Cases written by International Monetary Fund. This book was released on 2015-10-14. Available in PDF, EPUB and Kindle. Book excerpt: As a companion piece to the Board paper on Structural Reforms and Macroeconomic Performance: Initial Considerations for the Fund, this paper presents a selection of case studies on the structural reform experiences of member countries. These papers update the Board on work since the Triennial Surveillance Review toward strengthening the Fund’s capacity to analyze and, where relevant, offer policy advice on macro-relevant structural issues. The paper builds on the already considerable analytical work underway across the Fund, setting out considerations to support a more strategic approach going forward.

Structural Reforms

2018-03-22 Political Science
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Release : 2018-03-22
Genre : Political Science
Kind : eBook
Book Rating : 003/5 ( reviews)

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Book Synopsis Structural Reforms by : Jakob de Haan

Download or read book Structural Reforms written by Jakob de Haan. This book was released on 2018-03-22. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a selection of contributions on the timely topic of structural reforms in Western economies, written by experts from central banks, the International Monetary Fund, and leading universities. It includes latest research on the impacts of structural reforms on the market economy, especially on the labor market, and investigates the results of collective bargaining in theory and practice. The book also comprises case studies of structural reforms. A literature survey on the topic serves as a valuable source for further research. The book is written by and targeted at both academics and policy makers.

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