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The short-term effects of structural reforms : an empirical analysis
Bouis, Romain; Causa, Orsetta; Demmou, Lilas; Duval, Romain - 2012
effects vary with prevailing economic conditions and institutions. Impulse responses of aggregate outcomes (GDP growth … that some labour market reforms (e.g. of unemployment benefit systems and job protection) pay off more quickly in good …
Persistent link: https://www.econbiz.de/10009690161
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Secular stagnation : evidence and implications for economic policy
Rawdanowicz, Łukasz; Bouis, Romain; Inaba, Kei-Ichiro; … - 2014
This paper investigates whether OECD countries are facing secular stagnation. Secular stagnation is defined as a situation when policy interest rates bounded at zero fail to stimulate demand sufficiently, due to low or negative neutral real interest rates and low inflation, and when ensuing...
Persistent link: https://www.econbiz.de/10010464897
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Implications of output gap uncertainty in times of crisis
Bouis, Romain; Cournède, Boris; Christensen, Ane Kathrine - 2012
productivity gaps, except in the United States where it essentially resulted from a large increase in the unemployment gap. As … States, the large unemployment gap could also keep wage inflation under pressure despite a flattening Phillips curve. These …
Persistent link: https://www.econbiz.de/10009690945