Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/17852 
Kompletter Metadatensatz
DublinCore-FeldWertSprache
dc.contributor.authorBokan, Nikolaen
dc.contributor.authorHughes Hallett, Andrewen
dc.date.accessioned2009-01-28T14:59:55Z-
dc.date.available2009-01-28T14:59:55Z-
dc.date.issued2007-
dc.identifier.urihttp://hdl.handle.net/10419/17852-
dc.description.abstractMost people accept that structural and labour market reforms are needed in Europe. However few have been undertaken. The usual conjecture is that reforms are costly in economic performance and costly to finance. Blanchard and Giavazzi (2003) and Spector (2004) develop a general equilibrium model with imperfect competition to show the impact of labour or product market deregulation. We extend that model to combine both reforms, and include the costs of financing them, the conflict between long run gains and short run costs, and to allow for reforms of distortionary taxation. We also extend the model to explain the natural rate of unemployment and non-wage employment costs, to show the impact of reform on the short and long run Phillips curve parameters. We find that structural reforms imply short run costs but long run gains (unemployment rises and then falls, while wages move in the opposite way); that the long run gains outweigh the short run costs; and that the financing of such reforms is the main stumbling block. We also find that the implications for welfare improvements and employment generation are quite different: tax reforms are more effective for welfare, but market liberalisation for employment.en
dc.language.isoengen
dc.publisher|aKiel Institute for the World Economy (IfW) |cKielen
dc.relation.ispartofseries|aKiel Working Paper |x1336en
dc.subject.jelE24en
dc.subject.jelJ58en
dc.subject.jelH23en
dc.subject.ddc330en
dc.subject.keywordStructural reformen
dc.subject.keywordwage bargainsen
dc.subject.keywordshort vs . long run substitutabilityen
dc.subject.keywordendogenous entry of firmsen
dc.subject.stwPhillips-Kurveen
dc.subject.stwNatürliche Arbeitslosigkeiten
dc.subject.stwDeregulierungen
dc.subject.stwArbeitsmarktflexibilisierungen
dc.subject.stwSteuerwirkungen
dc.subject.stwAllgemeines Gleichgewichten
dc.subject.stwUnvollkommener Wettbewerben
dc.subject.stwBeschäftigungseffekten
dc.subject.stwWohlfahrtseffekten
dc.subject.stwTheorieen
dc.titleThe Impact of Tax, Product and Labour Market Distortions on the Phillips Curve and the Natural Rate of Unemployment-
dc.typeWorking Paperen
dc.identifier.ppn534873057en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:ifwkwp:1336en

Datei(en):
Datei
Größe
332.26 kB





Publikationen in EconStor sind urheberrechtlich geschützt.