The Resource The Short-Term Effects of Structural Reforms : An Empirical Analysis, Romain Bouis ... [and others], (electronic resource)

The Short-Term Effects of Structural Reforms : An Empirical Analysis, Romain Bouis ... [and others], (electronic resource)

Label
The Short-Term Effects of Structural Reforms : An Empirical Analysis
Title
The Short-Term Effects of Structural Reforms
Title remainder
An Empirical Analysis
Statement of responsibility
Romain Bouis ... [and others]
Contributor
Subject
Language
eng
Summary
Drawing on new empirical analysis of 30 years of structural reforms across the OECD, this paper sheds light on the impact of reforms over time, identifies the horizon over which their full effects materialise, and investigates whether such effects vary with prevailing economic conditions and institutions. Impulse responses of aggregate outcomes (GDP growth, employment rate) to various labour, product market and tax reforms are estimated at different horizons. This analysis indicates that the benefits from reforms typically take time to fully materialise. When significant effects are found in the short run, reforms seldom involve significant aggregate economic losses; on the contrary they often deliver some benefits. The absence of major depressing effects does not lend support to the view that reforms should be in general accompanied by substantial macroeconomic policy easing in order to deliver some short-term gains. Nevertheless, there is also tentative evidence that some labour market reforms (e.g. of unemployment benefit systems and job protection) pay off more quickly in good times than in bad times, and can even entail short-term losses in severely depressed economies
Member of
Cataloging source
FR-PaOEC
Government publication
international or intergovernmental publication
Index
no index present
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
  • Bouis, Romain
  • Causa, Orsetta
  • Demmou, Lilas
  • Duval, Romain
  • Zdzienicka, Aleksandra
Series statement
OECD Economics Department Working Papers,
Series volume
no.949
http://library.link/vocab/subjectName
Economics
Label
The Short-Term Effects of Structural Reforms : An Empirical Analysis, Romain Bouis ... [and others], (electronic resource)
Instantiates
Publication
Antecedent source
not applicable
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
786266805
Dimensions
21 x 30 cm
Extent
63 pages
File format
one file format
Form of item
online
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.1787/5k9csvk4d56d-en
Specific material designation
remote
System control number
(OCoLC)786266805
Label
The Short-Term Effects of Structural Reforms : An Empirical Analysis, Romain Bouis ... [and others], (electronic resource)
Publication
Antecedent source
not applicable
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
786266805
Dimensions
21 x 30 cm
Extent
63 pages
File format
one file format
Form of item
online
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.1787/5k9csvk4d56d-en
Specific material designation
remote
System control number
(OCoLC)786266805

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