Publication
Jun 2007
This paper deals with structural and labor market reforms in Europe. The authors develop a general equilibrium model with imperfect competition including both reforms. Additionally they consider the costs of financing those reforms, the conflict between long-run gains and short-run costs, and allow for reforms of distortionary taxation. The authors find that the long-run gains outweigh the short-run costs and that the financing of such reforms is the main stumbling block.
Download |
English (PDF, 29 pages, 340 KB) |
---|---|
Author | Nikola Bokan, Andrew Hughes Hallett |
Series | Kiel Institute Working Papers |
Issue | 1336 |
Publisher | Kiel Institute for the World Economy |
Copyright | © 2007 Kiel Institute for the World Economy |