1. Home
  2. Studies
  3. An assessment of structural reforms in the stressed euro area countries and their relevance for growth and for EMU
Jürgen Matthes IW-Policy Paper No. 5 10. February 2015 An assessment of structural reforms in the stressed euro area countries and their relevance for growth and for EMU

Substantial structural reforms have been taken on labour and product markets by stressed euro area countries since 2008 – more than is generally acknowledged in Germany.

Download PDF
An assessment of structural reforms in the stressed euro area countries and their relevance for growth and for EMU
Jürgen Matthes IW-Policy Paper No. 5 10. February 2015

An assessment of structural reforms in the stressed euro area countries and their relevance for growth and for EMU

German Economic Institute (IW) German Economic Institute (IW)

Substantial structural reforms have been taken on labour and product markets by stressed euro area countries since 2008 – more than is generally acknowledged in Germany.

These reforms have the potential to raise the growth potential in the respective countries and to improve the functioning of EMU. In the context of the optimum currency area debate it is argued that structural reforms have reduced the heterogeneity between euro area countries in terms of market rigidities. Moreover, wage and price flexibility – which are needed to better adjust to exogenous economic shocks – will be enhanced. In fact, first signs can be detected that wage flexibility has already increased in southern euro area countries.

Download PDF
An assessment of structural reforms in the stressed euro area countries and their relevance for growth and for EMU
Jürgen Matthes IW-Policy Paper No. 5 10. February 2015

An assessment of structural reforms in the stressed euro area countries and their relevance for growth and for EMU

German Economic Institute (IW) German Economic Institute (IW)

More on the topic

Read the article
Flaggen der Ukraine und der Europäischen Union (EU) mit blauem Himmelshintergrund
Berthold Busch / Samina Sultan IW-Report No. 63 11. December 2023

Fiscal aspects of an EU-enlargement

Following the European Commission's recommendation to open accession negotiations with Ukraine, the European Council will decide on this at its summit in December. This is a historic step that is of great geostrategic importance, particularly in light of the ...

IW

Read the article
Sandra Parthie Event 6. December 2023

Runder Tisch: „Unternehmen in der Bürokratiefalle?”

Der Bürokratieabbau ist zurück auf der politischen Agenda. In ihrer "State of the European Union"-Rede, erklärte ihn Kommissionspräsidentin Ursula von der Leyen jüngst zur Chefsache. Entlastungen für den Mittelstand waren bereits Thema ihrer Rede im letzten ...

IW

Content element with id 8880 Content element with id 9713