The Political Economy of Structural Reforms in Europe Labour Regulation, Product Markets, and Economic Performance

Reforms in labour and product markets play a central role in government policies. The Political Economy of Structural Reforms in Europe takes stock of current frontier work. It brings together leading contributions from academia, the central banks in Europe, and the OECD to argue that structural reforms can make a fundamental contribution to improve economic performance across Europe. The Political Economy of Structural Reforms in Europe brings together theoretical and empirical studies that address the potential role of structural reforms in restoring macroeconomic stability, resuming economic growth, addressing income inequality, and grappling secular stagnation. It throws new light on the determinants and effects of structural reforms and on how these shape the European integration experience.

Nauro F. Campos is Professor of Economics at Brunel University London and Research Professor at ETH-Zürich. His main fields of interest are political economy and European integration. He has taught at the Universities of Bonn, Brunel, CERGE-EI (Prague), Newcastle, Paris 1 Sorbonne, and Warwick. He was a Fulbright Fellow at Johns Hopkins University (Baltimore), a Robert McNamara Fellow at The World Bank, and a CBS Fellow at Oxford University. He is a Research Fellow at IZA-Bonn, a member of the Scientific Advisory Board of the (Central) Bank of Finland, a Senior Fellow of the ESRC Peer Review College, and was a visiting scholar at the IMF, World Bank, European Commission, University of Michigan, ETH, USC, Bonn, UCL, and Stockholm. From 2009 to 2014, he was seconded as Senior Economic Advisor/SRF to the Chief Economist of the Department for International Development. He received his Ph.D. from the University of Southern California (Los Angeles) in 1997. Paul De Grauwe is John Paulson Professor at the London School of Economics. He was a member of the Belgian parliament from 1991 to 2003, and is currently a research fellow at the Centre for European Policy Studies in Brussels and CEPR fellow in London. His research interests are in the economics of monetary unions and behavioural macroeconomics. His book publications include: The Limits of the Market (Oxford University Press, 2017) 2017, The Economics of Monetary Union, (Oxford University Press, 11th Edition 2016), and Lectures on Behavioral Macroeconomics (Princeton University Press, 2012). Yuemei Ji is a lecturer in Economics at the University College London. She obtained her PhD from the University of Leuven, and was previously a visiting fellow at the European Institute at LSE, the Centre for European Policy Studies (CEPS) in Brussels and the National Bank of Belgium. She lectures primarily on European macroeconomics and international macroeconomics, and her research interests cover international macroeconomics in