Structural reforms in the Euro area : economic impact and role of synchronization across markets and countries / Luc Everaert and Werner Schule.

Using the IMF's Global Economic Model, calibrated to the European Union, the effects of reform in product and labor markets are quantified for both a large and a small euro area economy. When markups in these markets are reduced, there are sizable long-term gains in output and employment. Most...

Full description

Bibliographic Details

Online Access:	Full Text (via ProQuest)
Main Authors:	Everaert, Luc (Author), Schule, Werner (Author)
Corporate Author:	International Monetary Fund. European Department
Format:	eBook
Language:	English
Published:	[Washington, D.C.] : International Monetary Fund, European Dept., 2006.
Series:	IMF working paper ; WP/06/137.
Subjects:	Econometric models > European Economic Community countries. Fiscal policy > European Economic Community countries. Econometric models. Fiscal policy. European Economic Community countries.