In recent years the countries of southern Europe have undergone, with varying intensity, a serious and prolonged economic crisis. Most have had to implement comprehensive economic adjustment programmes, including a wide range of structural reforms. Economic Crisis and Structural Reforms in Southern Europe examines these reforms, drawing policy lessons from their successes and failures.
This book employs two basic strands of analysis: issues of policy design, and political economy considerations. It considers the choice of timing and sequencing of reforms, the choice of the appropriate policy instruments, the pressure of interest groups and the political calculations involved in reforms. Featuring chapters in which contributors explore both national cases of specific structural reforms, and a comparative approach in order to evaluate similar reforms across countries, this important and topical work explores ongoing issues within the economy.
Focusing on the challenges of designing and implementing structural reforms under conditions of crisis, this book will be of interest to policy makers and researchers from national and international organizations as well as academics and members of research institutes interested in the economics and politics of the Eurozone crisis.
TABLE OF CONTENTS
part I|44 pages
The economics and politics of structural reforms
part II|127 pages
chapter 4|28 pages
The persistence-resilience trade-off in unemployment
chapter 6|27 pages
Labour market reform in Portugal under the adjustment programme
chapter 7|22 pages
Some unpleasant labour arithmetics
chapter 8|24 pages
Balancing adjustment policies and structural reforms in Greece
part III|57 pages
The political economy of structural reforms in southern Europe