Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/111790 
Authors: 
Year of Publication: 
2014
Series/Report no.: 
DIW Roundup: Politik im Fokus No. 15
Publisher: 
Deutsches Institut für Wirtschaftsforschung (DIW), Berlin
Abstract: 
Several leading policymakers - from ECB President Mario Draghi to EC President José Manual Barroso - have pushed Eurozone countries to adopt far-reaching structural reforms in labour and product markets in order to foster growth and employment. While there is a broad consensus that structural reforms enhance countries' growth potential in the long-run, recent research shows that they may have harmful effects in the short-run when not accompanied by substantial monetary stimulus. Consequently, a heated debate has started among economists and policymakers about whether now is the right time for the Eurozone to implement structural reforms. This column offers a brief summary of this debate.
Document Type: 
Research Report

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