Economic and Social Review: Summer 2013 issue

available here.  Includes two policy essays:

The Small Public Service Vehicle Market in Ireland:Regulation and the Recession

Paul K. Gorecki

ESR Vol 44#2 page 247

Growth and Adjustment Challenges for the Euro Area

Philip R. Lane

ESR Vol 44#2 page 273

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1 thought on “Economic and Social Review: Summer 2013 issue”

  1. @ Philip Lane

    Thanks for the paper. Lots to consider there. I particularly admired the attempt to spell out what “structural reforms” might actually mean.

    Related IMF Paper:

    http://www.imf.org/external/pubs/ft/wp/2013/wp13151.pdf

    ‘The Distributional Effects of Fiscal Consolidation’

    Laurence Ball, Davide Furceri, Daniel Leigh, and Prakash Loungani

    “This paper examines the distributional effects of fiscal consolidation. Using episodes of fiscal consolidation for a sample of 17 OECD countries over the period 1978–2009, we find that fiscal consolidation has typically had significant distributional effects by raising inequality, decreasing wage income shares and increasing long-term unemployment. The evidence also suggests that spending-based adjustments have had, on average, larger distributional effects than tax-based adjustments.”

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