IMF authors examine conditions for structural reform success
Most reforms to labour and product markets bear fruit in the medium term, but governments may need to take action to mitigate short-term pain, a staff discussion note published by the International Monetary Fund says.
The paper, published today (March 13), says most structural reforms of this kind will strengthen public finances in the medium term by raising output. In some cases, such as lowering entry barriers for firms, the gains can be sizeable, according to the group of researchers from
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