When Do Structural Reforms Work On the Role of the Business Cycle and Macroeconomic Policies is popular PDF and ePub book, written by MissAnna Rose Bordon in 2016-03-15, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, When Do Structural Reforms Work On the Role of the Business Cycle and Macroeconomic Policies can be Read Online from any device for your convenience.
When Do Structural Reforms Work On the Role of the Business Cycle and Macroeconomic Policies Book PDF Summary
Structural reforms are expected to lift growth and employment, but their effects are surprisingly difficult to pin down empirically. One reason is their potential endogeneity to the economic environment in which they are conducted. For example, the impact of a reform implemented shortly before a cyclical upswing is difficult to distinguish from the recovery itself. Similarly, macroeconomic policies conducted along a structural reform could affect the estimated impact. Exploring various options, this paper develops robust estimates of the impact of labor and product market reforms by using local projection techniques while controlling for endogeneity of reforms and other biases. The results suggest that labor and product market reforms have a lagged but positive impact on employment creation, and the positive effect remains even after controlling for the endogeneity of the decision to reform. Supportive macroeconomic policies are found to increase the effect of labor and product market reforms, consistent with the view that some structural reforms are best initiated in conjunction with supportive fiscal or monetary policy.
Detail Book of When Do Structural Reforms Work On the Role of the Business Cycle and Macroeconomic Policies PDF
- Author : MissAnna Rose Bordon
- Release : 15 March 2016
- Publisher : International Monetary Fund
- ISBN : 9781513590240
- Genre : Business & Economics
- Total Page : 28 pages
- Language : English
- PDF File Size : 21,9 Mb
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