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

In: Structural Reform and Economic Policy

Author

Listed:
  • Hans Gersbach

    (Universität Heidelberg)

Abstract

Structural reforms in factor and product markets have been at the top of the policy agenda since the 1970s. Prominent examples are product-market reforms in a variety of service industries in industrial countries, labour-market reforms in Europe, and worldwide regulation of banking in the form of Basel I and II.

Suggested Citation

  • Hans Gersbach, 2004. "Structural Reforms and the Macroeconomy: The Role of General Equilibrium Effects," International Economic Association Series, in: Robert M. Solow (ed.), Structural Reform and Economic Policy, chapter 2, pages 9-22, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-0-230-52444-6_2
    DOI: 10.1057/9780230524446_2
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    Cited by:

    1. Jo Seldeslachts, 2008. "Synchronising Deregulation In Product And Labour Markets," Scottish Journal of Political Economy, Scottish Economic Society, vol. 55(5), pages 591-617, November.
    2. Bayoumi, Tamim & Sutton, Bennett & Swiston, Andrew J., 2006. "Shocking Aspects of Canadian Labour Markets," CEPR Discussion Papers 5847, Centre for Economic Policy Research.
    3. City Eldeep & Chahir Zaki, 2023. "On the unfinished business of stabilization programs: a CGE model of Egypt," Middle East Development Journal, Taylor & Francis Journals, vol. 15(1), pages 66-100, January.
    4. Pfeiffer, Philipp & Varga, Janos & in 't Veld, Jan, 2024. "Unleashing potential: Model-based reform benchmarking for EU Member States," European Journal of Political Economy, Elsevier, vol. 83(C).
    5. Zhiqi Chen & Bo Zhao, 2014. "Unemployment and product market competition in a Cournot model with efficiency wages," Canadian Journal of Economics, Canadian Economics Association, vol. 47(2), pages 555-579, May.
    6. Olivier Blanchard, 2004. "The Economic Future of Europe," Journal of Economic Perspectives, American Economic Association, vol. 18(4), pages 3-26, Fall.

    More about this item

    Keywords

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    JEL classification:

    • D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • J50 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - General
    • L50 - Industrial Organization - - Regulation and Industrial Policy - - - General
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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