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Labor and Product Market Reforms in Advanced Economies: Fiscal Costs, Gains, and Support

Event | 21 March 2017 ADBI, Tokyo, Japan

Background

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.

The International Monetary Fund (IMF) and Asian Development Bank Institute (ADBI) will cohost the release of a new IMF staff discussion note: Labor and Product Market Reforms in Advanced Economies: Fiscal Costs, Gains, and Support.

Objectives

  • To discuss new empirical analysis, numerical simulations, and case studies for assessing the fiscal impact of labor and product market reforms in advanced economies.
  • To evaluate the case for complementing reforms with fiscal support.

Participants

About 70–80 participants from the public and private sectors, academia, research institutions, and ADBI and IMF staff.

Participant responsibilities

Actively join discussions and share views and experiences.

Output

  • Better knowledge and enhanced capacity to understand new empirical analysis, numerical simulations, and case studies for assessing the fiscal impact of labor and product market reforms in advanced economies.
  • Better understanding of the need to complement reforms with fiscal support.
  • Enhanced dialogue among government officials, researchers and experts on labor and product market reforms in advanced economies.

How to register

By invitation only.

Language

English

Partners

International Monetary Fund (IMF)

Time of event

15:00 - 17:00