Which Structural Reforms Does E(M)U Need to Function Properly? (Record no. 8636)

MARC details
000 -LEADER
fixed length control field 03266nam a22003257u 4500
001 - CONTROL NUMBER
control field pwiiw4782
003 - CONTROL NUMBER IDENTIFIER
control field OSt
005 - DATE AND TIME OF LATEST TRANSACTION
control field 20260518120039.0
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 181218t2018 au ||||| |||| 00| ||eng d
040 ## - CATALOGING SOURCE
Transcribing agency OSt
041 ## - LANGUAGE CODE
Language code of text/sound track or separate title eng
084 ## - OTHER CLASSIFICATION NUMBER
Classification number E24
-- F45
-- O43
Number source jelc
100 1# - MAIN ENTRY--PERSONAL NAME
Personal name Bayer, Kurt
245 10 - TITLE STATEMENT
Title Which Structural Reforms Does E(M)U Need to Function Properly?
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Place of publication, distribution, etc. Wien :
Name of publisher, distributor, etc. Wiener Institut für Internationale Wirtschaftsvergleiche (wiiw),
Date of publication, distribution, etc. 2018.
300 ## - PHYSICAL DESCRIPTION
Extent 17 S.,
Other physical details 1 Figure,
Dimensions 30cm.
490 1# - SERIES STATEMENT
Series statement wiiw Policy Notes and Reports
Volume/sequential designation 28
520 ## - SUMMARY, ETC.
Summary, etc. Structural reform proposals have undergone significant change both as proposed by IMF and OECD as by the European Union. From a narrow flexibility-enhancing (‘liberalising’) focus complementing a strict budget consolidation course, they have evolved towards embracing institutional reforms and promoting of growth and productivity. Some of these reform proposals are motivated by increasing divergence between Member States since the financial crisis, others attempt to compensate for the fact that EMU did not and does not yet constitute an optimal currency area with all its institutions required. This paper analyses the various motivations and restrictions for structural reforms and proposes an even wider array of additional reforms, with the aim to enhance socio-economic-environmental sustainability and well-being in the European Union (‘progressive’ reforms).<br/><br/><br/> ‘Progressive reforms’ should establish equivalence between economic, social and environmental objectives.<br/> Excessive ‘financialisation’ of the economy should be reversed by promoting longer-term real investment decisions, by slowing financial trading decisions, by increasing capital requirements of financial institutions, by levying financial transactions taxes, etc.<br/> Productivity-oriented wage setting and working conditions procedures through collective bargaining covering a wide spectrum of the labour force should be promoted as enhancing workers’ well-being and be balanced with flexibility requirements.<br/> Industrial policies aimed at enhancing the innovative capabilities of countries, with appropriate education, patent and innovation interventions need to gain wide-spread acceptance.<br/> The ‘race to the bottom’ with respect to corporate and personal income taxation, as well as generous tax-reducing policies need to be prevented.<br/> National and regional preferences with respect to social and cultural aspects need to be exempted from competition rules, as manifestations of social cohesion, environmental protection and identity-preserving heritage.<br/> In cases where cross-country spillovers matter, such ‘progressive’ structural policies should be set as general framework conditions by the European Union but be adjusted and implemented by the Member States.<br/><br/>
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element structural reform
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element economic growth
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element institutional reform
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Economic and Monetary Union
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element European Union
651 ## - SUBJECT ADDED ENTRY--GEOGRAPHIC NAME
Geographic name European Union
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN)
Topical term or geographic name as entry element International Trade, Competitiveness and FDI
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN)
Topical term or geographic name as entry element Sectoral studies
830 #0 - SERIES ADDED ENTRY--UNIFORM TITLE
Volume/sequential designation 28
Bibliographic record control number WIIW0000092
Title of a work wiiw Policy Notes and Reports
856 40 - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier <a href="https://wiiw.ac.at/p-4782.html">https://wiiw.ac.at/p-4782.html</a>
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Koha item type Paper
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        WIIW WIIW Library 12/17/2018 pwiiw4782   /28 1000010004782 12/17/2018 12/17/2018 Paper
The Vienna Instiute for International Economic Studies (wiiw)