Resource title

Structural Reforms and the Macroeconomy: The Role of General Equilibrium Effects

Resource image

image for OpenScout resource :: Structural Reforms and the Macroeconomy: The Role of General Equilibrium Effects

Resource description

We examine the macroeconomic consequences of industry wage bargaining and product market reforms. We suggest that general equilibrium effects may be important for the evaluation of industry-specific regulations. In particular, we suggest that the European unemployment problem can be traced back partially to insufficient recognition of general equilibrium effects. Moreover, unawareness of general equilibrium effects may be an explanation of why regulations are introduced and why structural reforms are (not) undertaken.

Resource author

Hans Gersbach

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/20078

Resource license

Adapt according to the presented license agreement and reference the original author.