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Structural reforms in the Euro area : economic impact and role of synchronization across markets and countries /
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...
| Clasificación: | Libro Electrónico |
|---|---|
| Autores principales: | , |
| Autor Corporativo: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund, European Dept.,
2006.
|
| Colección: | IMF working paper ;
WP/06/137. |
| Temas: | |
| Acceso en línea: | Texto completo |
MARC
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| 100 | 1 | |a Everaert, Luc, |e author. | |
| 245 | 1 | 0 | |a Structural reforms in the Euro area : |b economic impact and role of synchronization across markets and countries / |c Luc Everaert and Werner Schule. |
| 260 | |a [Washington, D.C.] : |b International Monetary Fund, European Dept., |c 2006. | ||
| 300 | |a 1 online resource (30 pages) : |b illustrations | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
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| 490 | 1 | |a IMF working paper ; |v WP/06/137 | |
| 588 | 0 | |a Print version record. | |
| 520 | |a 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 of these gains accrue to the reforming country regardless of whether reform takes place elsewhere; conversely, spillovers of reform elsewhere are limited. Labor and services market reforms have transitional costs as they induce a temporary decline in consumption, but raising competition in goods markets can mitigate some of these costs. Thus, coordinating the timing of reforms across markets is beneficial, and the more so the more open the reforming economy. In addition, synchronizing structural reforms across large countries of the euro area could eliminate transition costs. Increased supply would allow monetary policy to ease without jeopardizing price stability objectives, though in practice uncertainty may prevent full accommodation. | ||
| 504 | |a Includes bibliographical reference (pages 24-26). | ||
| 506 | |3 Use copy |f Restrictions unspecified |2 star |5 MiAaHDL | ||
| 533 | |a Electronic reproduction. |b [Place of publication not identified] : |c HathiTrust Digital Library, |d 2010. |5 MiAaHDL | ||
| 538 | |a Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. |u http://purl.oclc.org/DLF/benchrepro0212 |5 MiAaHDL | ||
| 583 | 1 | |a digitized |c 2010 |h HathiTrust Digital Library |l committed to preserve |2 pda |5 MiAaHDL | |
| 505 | 0 | |a Contents -- I. INTRODUCTION -- II. GLOBAL ECONOMIC MODEL -- III. SIMULATION RESULTS -- IV. CONCLUSIONS -- REFERENCES | |
| 546 | |a English. | ||
| 590 | |a ProQuest Ebook Central |b Ebook Central Academic Complete | ||
| 650 | 0 | |a Econometric models |z European Economic Community countries. | |
| 650 | 0 | |a Fiscal policy |z European Economic Community countries. | |
| 650 | 6 | |a Politique fiscale |z Pays de l'Union européenne. | |
| 650 | 6 | |a Modèles économétriques |z Pays de l'Union européenne. | |
| 650 | 7 | |a Econometric models |2 fast | |
| 650 | 7 | |a Fiscal policy |2 fast | |
| 651 | 7 | |a European Economic Community countries |2 fast | |
| 700 | 1 | |a Schule, Werner, |e author. | |
| 710 | 2 | |a International Monetary Fund. |b European Department. | |
| 758 | |i has work: |a Structural reforms in the Euro area (Text) |1 https://id.oclc.org/worldcat/entity/E39PCFKdHDkrjyK7PhHtWG7pdP |4 https://id.oclc.org/worldcat/ontology/hasWork | ||
| 776 | 0 | 8 | |i Print version: |a Everaert, Luc. |t Structural reforms in the Euro area. |d [Washington, D.C.?] : International Monetary Fund, ©2006 |w (OCoLC)77530485 |
| 830 | 0 | |a IMF working paper ; |v WP/06/137. | |
| 856 | 4 | 0 | |u https://ebookcentral.uam.elogim.com/lib/uam-ebooks/detail.action?docID=3014503 |z Texto completo |
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