'Structural reforms are typically viewed as the solution to Europe's sluggish growth. This important collection of essays explains when they work and how.' André Sapir, Université libre de Bruxelles
Introduction; Part I. Economic Growth and Structural Reforms in Europe: 1. Euro area growth and European institutional reforms Mariarosaria Comunale and Francesco Paolo Mongelli; 2. Structural reforms and growth: the elusive quest for the silver bullet Alessio Terzi and Pasquale Marco Marrazzo; 3. Regulation, institutions and economic growth in advanced, emerging and developing countries Balázs Égert; Part II. Macroeconomic Implications of Reforms: 4. Heterogeneous market regulation and divergence in a currency union Mirko Abbritti and Sebastian Weber; 5. Macroeconomic imbalances in the euro erea: can they be managed? Michael Hume; 6. Financial crises and liberalization: progress or reversals? Orkun Saka, Nauro F. Campos, Paul De Grauwe, Yuemei Ji and Angelo Martelli; 7. Structural reforms and fiscal sustanability Davide Furceri and João Tovar Jallas; 8. Transitions in the EU labour market before and after the crisis: the role of reforms Corrado Macchiarelli, Vassilis Monastiriotis and Nikolitsa Lampropoulou; 9. On the complementarity between labour market regulation and tax reforms in the European Union Angelo Martelli, Nauro F. Campos, Michael Ganslmeier, Yuemei Ji and Orkun Saka; Part III. Case Studies: 10. Structural reforms in Europe: lessons from early experiences Orkun Saka, Nauro F. Campos, Paul De Grauwe, Michael Ganslmeier, Yuemei Ji and Angelo Martelli; 11. Fiscal consolidation and inequality: the distributive effects of fiscal reforms in Greece and Portugal Fabian Mushövel; 12. How openness to trade rescued the Irish economy Kieran McQuinn and Petros Varthalitis; 13. Goulash labour market structural reforms: Hungary, 1986–2016 Nauro F. Campos; Conclusions.