Bericht

What causes the delay in reforms in Europe?

The academic literature provides no clear answer to this question. In principle, the recent slowdown in reform activity and fiscal consolidation in the euro area may derive from several developments. Potential reasons involve the end of the economic recession, the provision of financial assistance to crisis countries, and improved financing conditions for governments as a result of unconventional monetary policy, which all reduced reform pressure. While existing studies analyse several of these causes of reform delays in general, there is only very limited evidence for such a relation in the current environment in the euro area.

Language
Englisch

Bibliographic citation
Series: DIW Roundup: Politik im Fokus ; No. 99

Classification
Wirtschaft
Subject
Politische Reform
Haushaltskonsolidierung
Wirkungsanalyse
Eurozone

Event
Geistige Schöpfung
(who)
Rieth, Malte
Gehrt, Lisa
Event
Veröffentlichung
(who)
Deutsches Institut für Wirtschaftsforschung (DIW)
(where)
Berlin
(when)
2016

Handle
Last update
10.03.2025, 11:43 AM CET

Data provider

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Object type

  • Bericht

Associated

  • Rieth, Malte
  • Gehrt, Lisa
  • Deutsches Institut für Wirtschaftsforschung (DIW)

Time of origin

  • 2016

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