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Structural Reforms and European Monetary Union: What Can a Panel Analysis for the World versus OECD Countries Tell Us?

In: The Travails of the Eurozone

Author

Listed:
  • Ansgar Belke
  • Bernhard Herz
  • Lukas Vogel

Abstract

Recently, the economics of structural reforms has attracted increasing attention in the academic literature (Abiad and Mody, 2005; Helbling et al., 2004; for a survey see Heinemann, 2004, 2005). A more practical question is whether being part of European Monetary Union tends to help or hinder structural reform. This ongoing research is driven by the fact that, for a number of EU countries, the speed of structural changes lags behind what is necessary, given high structural unemployment and imminent demographic change. Policy fields where a striking contrast between needs and deeds of institutional change has been identified are, for instance, government size, labour market, product market, credit and business regulation.

Suggested Citation

  • Ansgar Belke & Bernhard Herz & Lukas Vogel, 2007. "Structural Reforms and European Monetary Union: What Can a Panel Analysis for the World versus OECD Countries Tell Us?," Palgrave Macmillan Books, in: David Cobham (ed.), The Travails of the Eurozone, chapter 8, pages 179-207, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-80147-9_8
    DOI: 10.1057/9780230801479_8
    as

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