EconPapers    
Economics at your fingertips  
 

The Euro and Structural Reforms

Alberto Alesina, Silvia Ardagna and Vincenzo Galasso ()

Review of Economics and Institutions, 2011, vol. 2, issue 1

Abstract: This paper investigates whether or not the adoption of the Euro has facilitated the introduction of structural reforms, defined as deregulation in the product markets and liberalization and deregulation in the labor markets. After reviewing the theoretical arguments that may link the adoption of the Euro and structural reforms, we investigate the empirical evidence. We find that the adoption of the Euro has been associated with an acceleration of the pace of structural reforms in the product market. The adoption of the euro does not seem to have accelerated labor market reforms in the ”primary labor market”; however, the run up to the Euro adoption seems to have been accompanied by wage moderation. We also investigate issues concerning the sequencing of goods and labor market reforms.

Keywords: Euro; structural reforms; deregulation; European labor markets (search for similar items in EconPapers)
JEL-codes: E63 J41 L51 (search for similar items in EconPapers)
Date: 2011
References: Add references at CitEc
Citations: View citations in EconPapers (4) Track citations by RSS feed

Downloads: (external link)
http://www.rei.unipg.it/rei/article/view/24
Requires registration. Users must be registered and log in to access full text

Related works:
Chapter: The Euro and Structural Reforms (2010) Downloads
Working Paper: The Euro and Structural Reforms (2008) Downloads
Working Paper: The Euro and Structural Reforms (2008) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pia:review:v:2:y:2011:i:1:n:2

Access Statistics for this article

Review of Economics and Institutions is currently edited by Carlo Andrea Bollino

More articles in Review of Economics and Institutions from Università di Perugia Contact information at EDIRC.
Bibliographic data for series maintained by Ubaldo Pizzoli ().

 
Page updated 2020-05-28
Handle: RePEc:pia:review:v:2:y:2011:i:1:n:2