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How to gain the most from structural conditionality of IMF-supported programs
Andritzky, Jochen; Munkacsi, Zsuzsa; Wang, Ke - 2021
Structural conditionality of IMF-supported programs is designed to support structural reforms by countries borrowing from the IMF. Taking stock of program conditions and their implementation, this paper finds that conditionality focuses on fiscal, monetary and financial issues-areas where IMF...
Persistent link: https://www.econbiz.de/10012613388
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The EU services directive : gains from further liberalization
Fernández Corugedo, Emilio; Pérez Ruiz, Esther - 2014
The EU Services Directive was adopted in 2006 to foster competition in services across Europe. However, progress in liberalizing services has fallen short of expectations due to the article 15 of the Directive, which allows countries to maintain pre-existing restrictions if judged necessary to...
Persistent link: https://www.econbiz.de/10012667444
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Employment protection deregulation and labor shares in advanced economies
Ciminelli, Gabriele; Duval, Romain; Furceri, Davide - 2018
Labor market deregulation, intended to boost productivity and employment, is one plausible, yet little studied, driver … the impact of job protection deregulation in a sample of 26 advanced economies over the period 1970-2015, using a newly … grounded in theory-namely that job protection deregulation should have larger negative effects in industries characterized by …
Persistent link: https://www.econbiz.de/10011905906
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The macroeconomic effects of labor and product market reforms in Morocco
Sarr, Babacar; Benlamine, Mokhtar; Munkacsi, Zsuzsa - 2019
This paper studies the macroeconomic effects and sequencing of (LMRs) and product (PMRs) market reforms in Morocco. It finds that introducing LMRs and PMRs simultaneously would add about 2.5 percentage points (pp) of GDP growth and reduce unemployment by about 2.2 pp after five years. If...
Persistent link: https://www.econbiz.de/10012122485
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Job protection deregulation in good and bad times
Duval, Romain; Furceri, Davide; Jalles, João Tovar - 2017
the responses of sectoral employment to large job protection deregulation shocks depend crucially on the state of the …
Persistent link: https://www.econbiz.de/10011763890
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Structural reform packages, sequencing, and the informal economy
Munkacsi, Zsuzsa; Saxegaard, Magnus - 2017
This paper explores the macroeconomic impacts of labor and product market deregulation using a small open-economy model … product market deregulation, are good at reducing short-term costs. Finally, concerning the speed of adjustment, it is usually …
Persistent link: https://www.econbiz.de/10011704605
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Macroeconomic impact of product and labor market reforms on informality and unemployment in India
Anand, Rahul; Khera, Purva - 2016
markets. Along with increasing GDP and employment, deregulation also leads to lower informality and greater product market …
Persistent link: https://www.econbiz.de/10011705079
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Structural reform in Germany
Krebs, Tom; Scheffel, Martin - 2016
full-day child care and full-day schooling, and iii) the further deregulation of the professional services sector. The … deregulation reform are relatively small due to the smal size of professional services in Germany. Policy reforms i) and ii) have …
Persistent link: https://www.econbiz.de/10011711350
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Product market deregulation and growth : new country-industry-level evidence
Bouis, Romain; Duval, Romain; Eugster, Johannes - 2016
The paper investigates the economic effects of major product market reforms in some of the historically most protected non-manufacturing industries. It relies on a unique mapping between new annual data on reform shocks and sector-level outcomes for five network industries (electricity and gas,...
Persistent link: https://www.econbiz.de/10011711479
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A narrative database of major labor and product market reforms in advanced economies
Duval, Romain; Furceri, Davide; Hu, Bingjie; Jalles, … - 2018
This paper describes a new database of major labor and product market reforms covering 26 advanced economies over the period 1970-2013. The focus is on large changes in product market regulation in seven individual network industries, employment protection legislation for regular and temporary...
Persistent link: https://www.econbiz.de/10011799330