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theoretical framework for the relationship between structural reforms, economic growth and income inequality. We argue that … and political constraints play crucial roles in determining the effectiveness of reforms on economic growth and income …
Persistent link: https://www.econbiz.de/10011780603
-income countries. Our main finding is that there is indeed evidence of a growth-equity tradeoff for some important reforms. Financial … and capital account liberalization seem to increase both growth and inequality, as do some measures of liberalization of … entail no growth-equity tradeoff-such reforms are good for growth and do not worsen inequality. The results for our index of …
Persistent link: https://www.econbiz.de/10012929912
In recent years, the role attached to the autonomous components of aggregate demand has attracted rising attention, as testified by the development of the Sraffian Supermulti plier model (SSM) and the attempts to include autonomous demand in the Neo-Kaleckian model. This paper reviews and...
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"This paper deals with potential instabilities in the Eurozone stemming from an insufficient interplay between monetary …
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The objective of this paper is to investigate which factors ] macroeconomic, policy ]related or institutional ] foster the implementation of structural reforms. To this objective, we look at episodes of structural reforms over three decades across 40 OECD and EU countries and link them to such...
Persistent link: https://www.econbiz.de/10011662947
We use a behavioral macroeconomic model to analyze how structural reforms affect the economy in the short and in the long run. We consider two types of structural reforms. The first one increases the flexibility of wages and prices; the second one raises potential output in the economy. We find...
Persistent link: https://www.econbiz.de/10011663556