This paper has two main goals. The first is to provide empirical evidence that differences in labour market institutions across countries and, specifically, in how they provide protection to workers, can be attributed to underlying differences in culturally-based prior beliefs: in particular,...

This report presents the findings of the third post-programme surveillance (PPS) mission of Commission staff, in liaison with ECB staff, to Lisbon between 25 January and 2 February 2016. The Portuguese economy is set to continue its moderate domestic demand-led recovery while risks stem from a...

This report presents the findings of the second post-programme surveillance (PPS) mission of Commission staff, in liaison with ECB staff, to Lisbon between 4 and 12 June 2015. Economic and financial conditions in Portugal have further improved since the conclusion of the first post-programme...

This report presents the findings of the second post-programme surveillance (PPS) mission of Commission staff, in liaison with ECB staff, to Lisbon between 4 and 12 June 2015. Economic and financial conditions in Portugal have further improved since the conclusion of the first post-programme...

As part of the response to the crisis, a significant number of market reforms were introduced to boost economic activity and competitiveness. The intense reform effort appears to be showing early signs of effectiveness in some of Europe's most vulnerable countries. Insufficient reform efforts in...