CEPII - Event

Rencontres
Europe et International

Monday March 20, 2017

12:30 - 14:30

Uncertainty surrounds the future of the European Union and its place in the world. The crisis set in motion a whole range of initiatives and institutional changes and in Europe, both at the EU28 and euro area levels. These now have to blossom into a solid and durable edifice.

A challenge is therefore to make sure that the next steps in European integration live up to the economic, institutional, political, social and governance challenges that Europe is facing.

In that context, CEPII and France Stratégie have launched a series of monthly events – lunchtalks - about Europe with the aim to bring together officials, academics, as well as practitioners and corporates around a relevant speaker selected for his relevance for European matters.

Romain Duval on "Combining structural reforms and fiscal policy"

IMF Staff Discussion Note, co-authored by Angana Banerji, Romain Duval and several others economist from the IMF Research, European and Fiscal Affairs departments

Persistently sluggish growth has led to growing policy emphasis on the need for structural reforms that improve the functioning of labor and product markets in advanced economies. However, reforms have progressed slowly because of political opposition and concerns about their distributive and short-term economic effects. At the same time, the ability to cushion these effects is hindered by high public debt and mounting long-term fiscal pressures.

Romain Duval will present his work which provides a fresh analysis of the fiscal costs and gains of labor and product market reforms. He assesses in particular the case for upfront fiscal support to such reforms on economic and political economy grounds (measures to support growth and/or redistributive policies). The presentation will be discussed by Xavier Ragot, then followed by a discussion and questions from the audience.

Lunch served before the start of the event..
The event will take place under Chatham House Rules.
The presentation and discussion will be held in English.
By invitation only.