Quantifying the potential macroeconomic effects of the Europe 2020 strategy: stylised scenarios
Summary for non-specialistsAn essential part of the Europe 2020 strategy consists of reforms with a medium- to long-term horizon that focus on promoting the sustainability of public finances and enhancing potential growth. Building on structural reform simulations with the DSGE model QUEST III, this paper presents several stylised scenarios combining fiscal consolidation efforts with differentiated progress in implementing structural reforms to explore the possible extent of gains from such reforms. The results confirm that if the EU succeeds in generating necessary reform momentum, GDP could increase by up to 7% by 2020. The extent of the benefits will crucially depend on the depth and breadth of undertaken reforms, however..
|Date of creation:||Sep 2010|
|Date of revision:|
|Contact details of provider:|| Postal: |
Fax: +32 2 298.08.23
Web page: http://ec.europa.eu/economy_finance/index_en.htm
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:euf:ecopap:0424. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (ECFIN INFO)
If references are entirely missing, you can add them using this form.