Structural reforms and fiscal adjustments: policy options for the euro area

Bas van Aarle

Journal of Economic Policy Reform, 2013, vol. 16, issue 4, 320-335

Abstract: This paper analyses the effects of structural reform and fiscal consolidation policies in the Euro Area using a stylized new-Keynesian model. A number of issues are focused upon: (i) the modelling and effects of fiscal consolidation and structural reforms, and (ii) evaluation of alternative reform and consolidation scenarios, including their joint implementation.

Date: 2013
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DOI: 10.1080/17487870.2013.827909

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