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Proceedings from the ECFIN Workshop "The budgetary implications of structural reforms" - Brussels, 2 December 2005

  • S. Deroose
  • E. Flores
  • A. Turrini

Most of the reforms discussed within the framework of the Lisbon strategy will benefit public finances in the long term. However, in the short-term, there could a trade-off between some structural reforms and budgetary discipline. This possible tension between reforms and fiscal discipline was identified by academic economists as a possible drawback of the Stability and Growth Pact since its inception.

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Paper provided by Directorate General Economic and Financial Affairs (DG ECFIN), European Commission in its series European Economy - Economic Papers with number 248.

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Length: 212 pages
Date of creation: May 2006
Date of revision:
Handle: RePEc:euf:ecopap:0248
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  1. Romain Duval, 2003. "Retirement Behaviour in OECD Countries: Impact of Old-Age Pension Schemes and other Social Transfer Programmes," OECD Economic Studies, OECD Publishing, vol. 2003(2), pages 7-50.
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  12. VAN POECK, André & BORGHIJS, Alain, 2001. "EMU and labour market reform: Needs, incentives and realisations," Working Papers 2001022, University of Antwerp, Faculty of Applied Economics.
  13. Poplawski Ribeiro, Marcos & Beetsma, Roel, 2008. "The political economy of structural reforms under a deficit restriction," Journal of Macroeconomics, Elsevier, vol. 30(1), pages 179-198, March.
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  17. repec:dgr:kubcen:200040 is not listed on IDEAS
  18. Paul Conway & Giuseppe Nicoletti, 2006. "Product Market Regulation in the Non-Manufacturing Sectors of OECD Countries: Measurement and Highlights," OECD Economics Department Working Papers 530, OECD Publishing.
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