Speed of Adjustment to Selected Labour Market and Tax Reforms:
This paper examines the nature and the length of economic adjustments to selected structural reforms, drawing on a variety of approaches: descriptive analysis and simulations using Dynamic General Equilibrium and macro-economic neo-Keynesian models. The descriptive analysis suggests that the correla...
Gespeichert in:
| Beteilige Person: | |
|---|---|
| Weitere beteiligte Personen: | |
| Format: | Elektronisch E-Book |
| Sprache: | Englisch |
| Veröffentlicht: |
Paris
OECD Publishing
2008
|
| Schriftenreihe: | OECD Economics Department Working Papers
|
| Schlagwörter: | |
| Links: | https://doi.org/10.1787/234217500715 |
| Zusammenfassung: | This paper examines the nature and the length of economic adjustments to selected structural reforms, drawing on a variety of approaches: descriptive analysis and simulations using Dynamic General Equilibrium and macro-economic neo-Keynesian models. The descriptive analysis suggests that the correlation between reforms, including a change in the tax wedge, the replacement ratio or anti-competitive product market regulation and the structural unemployment rate peaks only after 5 to 10 years. Lowering employment and price adjustment costs in the euro area to their respective US levels would only have a relatively limited effect on the speed of adjustment to labour market and tax reforms. Monetary policy reaction can speed up the adjustment to a new equilibrium, though to a varying degree in the different OECD countries or regions. In particular, reforms in individual euro area countries are likely to trigger only little or no policy reaction, unless there is an area-wide effort to implement reforms |
| Umfang: | 1 Online-Ressource (50 Seiten) 21 x 29.7cm |
| DOI: | 10.1787/234217500715 |
Internformat
MARC
| LEADER | 00000nam a2200000zc 4500 | ||
|---|---|---|---|
| 001 | BV047934349 | ||
| 003 | DE-604 | ||
| 007 | cr|uuu---uuuuu | ||
| 008 | 220413s2008 xx o|||| 00||| eng d | ||
| 024 | 7 | |a 10.1787/234217500715 |2 doi | |
| 035 | |a (ZDB-13-SOC)061281506 | ||
| 035 | |a (OCoLC)1312688407 | ||
| 035 | |a (DE-599)BVBBV047934349 | ||
| 040 | |a DE-604 |b ger |e aacr | ||
| 041 | 0 | |a eng | |
| 049 | |a DE-384 |a DE-91 |a DE-473 |a DE-824 |a DE-29 |a DE-739 |a DE-355 |a DE-20 |a DE-1028 |a DE-1049 |a DE-188 |a DE-521 |a DE-861 |a DE-898 |a DE-92 |a DE-573 |a DE-19 | ||
| 100 | 1 | |a Mourougane, Annabelle |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Speed of Adjustment to Selected Labour Market and Tax Reforms |c Annabelle Mourougane and Lukas Vogel = Vitesse d'ajustement à des réformes sur le marché du travail et de la fiscalité / Annabelle Mourougane et Lukas Vogel |
| 246 | 1 | 3 | |a Vitesse d'ajustement à des réformes sur le marché du travail et de la fiscalité |
| 264 | 1 | |a Paris |b OECD Publishing |c 2008 | |
| 300 | |a 1 Online-Ressource (50 Seiten) |c 21 x 29.7cm | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b c |2 rdamedia | ||
| 338 | |b cr |2 rdacarrier | ||
| 490 | 0 | |a OECD Economics Department Working Papers | |
| 520 | |a This paper examines the nature and the length of economic adjustments to selected structural reforms, drawing on a variety of approaches: descriptive analysis and simulations using Dynamic General Equilibrium and macro-economic neo-Keynesian models. The descriptive analysis suggests that the correlation between reforms, including a change in the tax wedge, the replacement ratio or anti-competitive product market regulation and the structural unemployment rate peaks only after 5 to 10 years. Lowering employment and price adjustment costs in the euro area to their respective US levels would only have a relatively limited effect on the speed of adjustment to labour market and tax reforms. Monetary policy reaction can speed up the adjustment to a new equilibrium, though to a varying degree in the different OECD countries or regions. In particular, reforms in individual euro area countries are likely to trigger only little or no policy reaction, unless there is an area-wide effort to implement reforms | ||
| 650 | 4 | |a Economics | |
| 700 | 1 | |a Vogel, Lukas |4 ctb | |
| 856 | 4 | 0 | |u https://doi.org/10.1787/234217500715 |x Verlag |z kostenfrei |3 Volltext |
| 912 | |a ZDB-13-SOC | ||
| 943 | 1 | |a oai:aleph.bib-bvb.de:BVB01-033315843 | |
Datensatz im Suchindex
| DE-BY-TUM_katkey | 2630709 |
|---|---|
| _version_ | 1821940767674859520 |
| adam_text | |
| any_adam_object | |
| author | Mourougane, Annabelle |
| author2 | Vogel, Lukas |
| author2_role | ctb |
| author2_variant | l v lv |
| author_facet | Mourougane, Annabelle Vogel, Lukas |
| author_role | aut |
| author_sort | Mourougane, Annabelle |
| author_variant | a m am |
| building | Verbundindex |
| bvnumber | BV047934349 |
| collection | ZDB-13-SOC |
| ctrlnum | (ZDB-13-SOC)061281506 (OCoLC)1312688407 (DE-599)BVBBV047934349 |
| discipline | Wirtschaftswissenschaften |
| doi_str_mv | 10.1787/234217500715 |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>00000nam a2200000zc 4500</leader><controlfield tag="001">BV047934349</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="007">cr|uuu---uuuuu</controlfield><controlfield tag="008">220413s2008 xx o|||| 00||| eng d</controlfield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10.1787/234217500715</subfield><subfield code="2">doi</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(ZDB-13-SOC)061281506</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)1312688407</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV047934349</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">aacr</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-384</subfield><subfield code="a">DE-91</subfield><subfield code="a">DE-473</subfield><subfield code="a">DE-824</subfield><subfield code="a">DE-29</subfield><subfield code="a">DE-739</subfield><subfield code="a">DE-355</subfield><subfield code="a">DE-20</subfield><subfield code="a">DE-1028</subfield><subfield code="a">DE-1049</subfield><subfield code="a">DE-188</subfield><subfield code="a">DE-521</subfield><subfield code="a">DE-861</subfield><subfield code="a">DE-898</subfield><subfield code="a">DE-92</subfield><subfield code="a">DE-573</subfield><subfield code="a">DE-19</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Mourougane, Annabelle</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Speed of Adjustment to Selected Labour Market and Tax Reforms</subfield><subfield code="c">Annabelle Mourougane and Lukas Vogel = Vitesse d'ajustement à des réformes sur le marché du travail et de la fiscalité / Annabelle Mourougane et Lukas Vogel</subfield></datafield><datafield tag="246" ind1="1" ind2="3"><subfield code="a">Vitesse d'ajustement à des réformes sur le marché du travail et de la fiscalité</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Paris</subfield><subfield code="b">OECD Publishing</subfield><subfield code="c">2008</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (50 Seiten)</subfield><subfield code="c">21 x 29.7cm</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="0" ind2=" "><subfield code="a">OECD Economics Department Working Papers</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">This paper examines the nature and the length of economic adjustments to selected structural reforms, drawing on a variety of approaches: descriptive analysis and simulations using Dynamic General Equilibrium and macro-economic neo-Keynesian models. The descriptive analysis suggests that the correlation between reforms, including a change in the tax wedge, the replacement ratio or anti-competitive product market regulation and the structural unemployment rate peaks only after 5 to 10 years. Lowering employment and price adjustment costs in the euro area to their respective US levels would only have a relatively limited effect on the speed of adjustment to labour market and tax reforms. Monetary policy reaction can speed up the adjustment to a new equilibrium, though to a varying degree in the different OECD countries or regions. In particular, reforms in individual euro area countries are likely to trigger only little or no policy reaction, unless there is an area-wide effort to implement reforms</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Economics</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Vogel, Lukas</subfield><subfield code="4">ctb</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">https://doi.org/10.1787/234217500715</subfield><subfield code="x">Verlag</subfield><subfield code="z">kostenfrei</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="943" ind1="1" ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-033315843</subfield></datafield></record></collection> |
| id | DE-604.BV047934349 |
| illustrated | Not Illustrated |
| indexdate | 2025-01-11T15:45:42Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-033315843 |
| oclc_num | 1312688407 |
| open_access_boolean | 1 |
| owner | DE-384 DE-91 DE-BY-TUM DE-473 DE-BY-UBG DE-824 DE-29 DE-739 DE-355 DE-BY-UBR DE-20 DE-1028 DE-1049 DE-188 DE-521 DE-861 DE-898 DE-BY-UBR DE-92 DE-573 DE-19 DE-BY-UBM |
| owner_facet | DE-384 DE-91 DE-BY-TUM DE-473 DE-BY-UBG DE-824 DE-29 DE-739 DE-355 DE-BY-UBR DE-20 DE-1028 DE-1049 DE-188 DE-521 DE-861 DE-898 DE-BY-UBR DE-92 DE-573 DE-19 DE-BY-UBM |
| physical | 1 Online-Ressource (50 Seiten) 21 x 29.7cm |
| psigel | ZDB-13-SOC |
| publishDate | 2008 |
| publishDateSearch | 2008 |
| publishDateSort | 2008 |
| publisher | OECD Publishing |
| record_format | marc |
| series2 | OECD Economics Department Working Papers |
| spellingShingle | Mourougane, Annabelle Speed of Adjustment to Selected Labour Market and Tax Reforms Economics |
| title | Speed of Adjustment to Selected Labour Market and Tax Reforms |
| title_alt | Vitesse d'ajustement à des réformes sur le marché du travail et de la fiscalité |
| title_auth | Speed of Adjustment to Selected Labour Market and Tax Reforms |
| title_exact_search | Speed of Adjustment to Selected Labour Market and Tax Reforms |
| title_full | Speed of Adjustment to Selected Labour Market and Tax Reforms Annabelle Mourougane and Lukas Vogel = Vitesse d'ajustement à des réformes sur le marché du travail et de la fiscalité / Annabelle Mourougane et Lukas Vogel |
| title_fullStr | Speed of Adjustment to Selected Labour Market and Tax Reforms Annabelle Mourougane and Lukas Vogel = Vitesse d'ajustement à des réformes sur le marché du travail et de la fiscalité / Annabelle Mourougane et Lukas Vogel |
| title_full_unstemmed | Speed of Adjustment to Selected Labour Market and Tax Reforms Annabelle Mourougane and Lukas Vogel = Vitesse d'ajustement à des réformes sur le marché du travail et de la fiscalité / Annabelle Mourougane et Lukas Vogel |
| title_short | Speed of Adjustment to Selected Labour Market and Tax Reforms |
| title_sort | speed of adjustment to selected labour market and tax reforms |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/234217500715 |
| work_keys_str_mv | AT mourouganeannabelle speedofadjustmenttoselectedlabourmarketandtaxreforms AT vogellukas speedofadjustmenttoselectedlabourmarketandtaxreforms AT mourouganeannabelle vitessedajustementadesreformessurlemarchedutravailetdelafiscalite AT vogellukas vitessedajustementadesreformessurlemarchedutravailetdelafiscalite |