Building a Better Union: Incentivizing Structural Reforms in the Euro Area

2015 ◽  
Author(s):  
Angana Banerji ◽  
Bergljot Barkbu ◽  
James John ◽  
Tidiane Kinda ◽  
Sergejs Saksonovs ◽  
...  
Keyword(s):  
Euro Area ◽  
Structural Reforms

scholarly journals Building a Better Union: Incentivizing Structural Reforms in the Euro Area

2015 ◽  
Vol 15 (201) ◽  
pp. 1 ◽  
Author(s):  
Angana Banerji ◽  
Bergljot Barkbu ◽  
James John ◽  
Tidiane Kinda ◽  
Sergejs Saksonovs ◽  
...  
Keyword(s):  
Euro Area ◽  
Structural Reforms

Europe’s Long-Term Growth Prospects

2018 ◽  
Author(s):  
Kieran McQuinn ◽  
Karl Whelan
Keyword(s):  
Euro Area ◽  
Productivity Growth ◽  
Capital Accumulation ◽  
Regulatory Reform ◽  
The United States ◽  
Successful Implementation ◽  
Structural Reforms ◽  
Growth Prospects ◽  
Using Data

Even before the financial crisis of 2007/8, there were questions about Europe’s long-term growth prospects. Since the mid-1990s, Euro area productivity growth had been falling behind that of the United States. Using data for the period 1970–2006, authors identified declining European rates of total factor productivity growth and weaker capital accumulation as areas for concern. Updating this earlier analysis, authors find that growth prospects for the euro area have deteriorated further; that Europe’s demographics are also contributing to a decline in the workforce. Thus a long-term projection for euro area GDP based on unchanged policies is provided and there is discussion about the possible impacts of certain structural reforms including unemployment rates, pensions, and the successful implementation of a significantly wider programme of regulatory reform aimed at boosting growth. Even with the successful adoption of these measures, the European economy is still likely to continue to grow at a slower pace.

scholarly journals Structural Reforms and Macroeconomic Performance in the Euro Area Countries: A Model-Based Assessment

2013 ◽  
Vol 16 (1) ◽  
pp. 23-44 ◽  
Author(s):  
Sandra Gomes ◽  
Pascal Jacquinot ◽  
Matthias Mohr ◽  
Massimiliano Pisani
Keyword(s):  
Euro Area ◽  
Structural Reforms ◽  
Macroeconomic Performance ◽  
Model Based

scholarly journals Republic of Estonia

2020 ◽  
Vol 20 (12) ◽  
Author(s):  
Keyword(s):  
Labor Market ◽  
Labor Supply ◽  
Euro Area ◽  
Structural Reforms ◽  
Medium Term ◽  
Demographic Challenges ◽  
Convergence Process ◽  
Near Term ◽  
Tight Labor Market ◽  
Skill Shortages

Th economy has performed well in recent years, supported by prudent management and effective structural reforms. Growth remains strong and unemployment is at a record low. Inflation is above the euro-area average, consistent with Estonia’s convergence process. Wages are rising, reflecting a tight labor market and skill shortages at the high end of the labor market. Absent reforms to boost productivity and manage demographic challenges, however, growth will slow notably. The authorities need to guard against potential overheating in the near term while taking advantage of sizable fiscal buffers in the medium term to support innovation and labor supply and reduce inequality.

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