Data for: Structural Reforms and Economic Performance: The Experience of Advanced Economies

This paper provides a
comprehensive assessment of the theoretical and empirical literature on
structural reforms in advanced economies. Structural reforms matter because they
entail profound and systematic changes that affect economic welfare,
productivity, growth, unemployment, macroeconomic stability, and income
inequality. Here we focus on structural reforms in product, labor, and
financial markets. After putting forward a set of stylized facts, we take stock
of the literature on each of these three key structural reforms, and then
assess their business cycle and political economy implications. We underscore various
gaps in the literature and articulate a future research agenda that highlights four
main areas: measurement, interactions among reforms, political economy
considerations, and the timing of the implementation of reforms.

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