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- W3125092561 abstract "This paper uses the European Commission’s QUEST macroeconomic model to analyse the impact of structural reforms on economic activity in an environment in which the zero bound on monetary policy rates is temporarily binding. The simulations suggest that although such reforms can have a negative impact on economic activity in the short run, these effects tend to be small and short-lived when a variety of transmission channels are considered. The results also do not support the idea that postponing structural reforms improves economic conditions, in such and environment." @default.
- W3125092561 created "2021-02-01" @default.
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- W3125092561 date "2014-11-01" @default.
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- W3125092561 title "Structural reforms at the zero bound" @default.
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