The role of structural reform for adjustment and growth

This Economic Brief recapitulates some main insights on the role of structural reform for adjustment and growth in the EU. Its aim is threefold. First, the Brief discusses recent reform efforts in EU countries. Second, it discusses possible effects from reforms in labour and product markets by summarising recent and ongoing work within DG ECFIN using empirical analysis as well as ECFIN's macroeconomic model QUEST. Third, and based on the previous two parts, the Economic Brief highlights policy-relevant questions looking forward.