IMF paper points to short-term benefits of product market reforms
Authors find product market reforms can deliver benefits in short run as well as long
The long-term benefits of product market reforms are "well established" but such reforms can also prove beneficial in the short run, according to a working paper published on June 10 by the International Monetary Fund.
Peter Gal and Alexander Hijzen focus on firm-level responses to product market-focused structural reforms in The short-term impact of product market reforms. The authors focus on 18 advanced economies using impulse-response functions, finding immediate benefits to output and
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