Calls for market reforms to help improve economic performance have become a mantra in European policy discussions. In the recent years, fears of a new wave of p
This paper studies the impact of product and labor market reforms when the economy faces major slack and a binding constraint on monetary policy easing. such as
Structural reforms in the liquidity trap need not be deflationary. This paper develops a simple framework to study the role that key characteristics of Japan’
Trade flows and trade policies need to be properly quantified to describe, compare, or follow the evolution of policies between sectors or countries or over tim
This compelling two-volume collection presents the major literary contributions to the economic analysis of the consequences of trade liberalization on growth,