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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
The EU Services Directive was adopted in 2006 to foster competition in services across Europe. However, progress in …
Persistent link: https://www.econbiz.de/10012667444
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
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
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
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
markets. Along with increasing GDP and employment, deregulation also leads to lower informality and greater product market …
Persistent link: https://www.econbiz.de/10011705079
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
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
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