Gomes, Sandra; Jacquinot, Pascal; Mohr, Matthias; … - 2011
We quantitatively assess the macroeconomic effects of country-specific supply-side reforms in the euro area by … Germany (or, alternatively, Portugal) and the rest of the euro area. Our main results are as follows. First, there are … benefits from implementing unilateral structural reforms. A reduction of markup by 15 percentage points in the German …