Series: IMF Policy Discussion Papers
Author(s): Anthony Annett
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 May 2007
Keywords: Fiscal adjustment, Europe, Employment, Labor supply, Labor market reforms, Political economy, Wage moderation, Wage bargaining, Tax reductions, labor market
Welfare states can be reformed successfully, and popular support for reforms can be maintained. But this requires an internally consistent package of labor market, fiscal, and product market reforms, including some...