Structural Reform And Macroeconomic Policy
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Structural Reform And Macroeconomic Policy
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Author : R. Solow
language : en
Publisher: Springer
Release Date : 2004-06-29
Structural Reform And Macroeconomic Policy written by R. Solow and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-06-29 with Business & Economics categories.
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.
When Do Structural Reforms Work On The Role Of The Business Cycle And Macroeconomic Policies
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Author : MissAnna Rose Bordon
language : en
Publisher: International Monetary Fund
Release Date : 2016-03-15
When Do Structural Reforms Work On The Role Of The Business Cycle And Macroeconomic Policies written by MissAnna Rose Bordon and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-03-15 with Business & Economics categories.
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.
Macroeconomic Policies And Structural Reform
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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 1996-12-10
Macroeconomic Policies And Structural Reform written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996-12-10 with categories.
Faced with increased unemployment, declining productivity and weak public finances, most OECD countries have adopted policies of fiscal consolidation and structural reform in goods, labour and financial markets. Price stability is now at hand, but ...
Structural Reforms And Macroeconomic Performance Country Cases
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2015-10-14
Structural Reforms And Macroeconomic Performance Country Cases written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-10-14 with Business & Economics categories.
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 And Macroeconomic Performance Initial Considerations For The Fund
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2015-10-14
Structural Reforms And Macroeconomic Performance Initial Considerations For The Fund written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-10-14 with Business & Economics categories.
Structural policies have become a prominent feature of today’s macroeconomic policy discussion. For many countries, lackluster economic growth and high unemployment cloud the outlook. With fewer traditional policy options, policymakers are increasingly focused on the complementary role of structural policies in promoting more durable job-rich growth. In particular, the G20 has emphasized the essential role of structural reforms in ensuring strong, sustainable and balanced growth. Against this backdrop, the 2014 Triennial Surveillance Review (TSR) called for further work to enhance the Fund’s ability to selectively provide more expert analysis and advice on structural issues, particularly where there is broad interest among member countries. The purpose of this paper is to engage the Board on staff’s post-TSR work toward strengthening the Fund’s capacity to analyze and, where relevant, offer policy advice on macro-relevant structural issues.
When Do Structural Reforms Work
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Author : Anna Rose Bordon
language : en
Publisher:
Release Date : 2016
When Do Structural Reforms Work written by Anna Rose Bordon and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with Business cycles categories.
Economic Policy Reforms 2012 Going For Growth
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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2012-02-24
Economic Policy Reforms 2012 Going For Growth written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-02-24 with categories.
Going for Growth is the OECD’s annual report highlighting developments in structural policies in OECD countries. It identifies structural reform priorities to boost real income for each OECD country and key emerging economies.
Reconciling Stability And Growth
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Author : Mr.Roel M. W. J. Beetsma
language : en
Publisher: International Monetary Fund
Release Date : 2003-09-01
Reconciling Stability And Growth written by Mr.Roel M. W. J. Beetsma and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-09-01 with Business & Economics categories.
This paper analyzes the decision of a government facing electoral uncertainty to implement structural reforms in the presence of fiscal restraints similar to the Stability and Growth Pact. The model shows that a pact may harm structural reforms, sacrificing future growth for present stability. The welfare gains brought about by a pact depend on a trade-off between the reduction in the deficit bias and the induced reduction in the amount of structural reform. A pact becomes more attractive (“smarter”) if it takes into account the fiscal impact of structural reforms, in line with a recent proposal by the European Commission.
Structural Reforms
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Author : Jakob de Haan
language : en
Publisher: Springer
Release Date : 2018-03-22
Structural Reforms written by Jakob de Haan and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-03-22 with Political Science categories.
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.
Staff Note For The G 20 A Guiding Framework For Structural Reforms
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2016-01-04
Staff Note For The G 20 A Guiding Framework For Structural Reforms written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-01-04 with Business & Economics categories.
This note responds to a request from the G20 for IMF assistance in helping develop priorities and guiding principles for structural reforms. Structural reforms have long been a central element of the G20’s strategy of achieving job-rich growth, and G20 countries have made over 1,000 structural policy commitments in their national growth strategies. However, implementation of these commitments has been relatively weak so far. Faster progress on structural reforms is therefore needed to support growth in the near term and bolster potential growth in the medium term—and more generally to make economies more innovative, flexible, and resilient.