Contents of the volume

2020, Volume 73 - Issue 3

ISSN: 2499-8265
RSS feed citation: At RePEc
Publication date: 17 August 2020


Nicola Acocella

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Luciano Marcello Milone

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Kamal Upadhyaya, Rabindra BHANDARI, Franklin G. JR. MIXON

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Abdulnasser Hatemi-J

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Sadeq Abul, Ahmad M. AL-KANDARI

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Genoa Chamber of Commerce
Economia Internazionale / International Economics

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Corresponding author

Luciano Marcello MILONE, University La Sapienza, Department of Economics and Law, Rome, Italy

Structural Reforms in the European Union: What is New after the Crisis?




This study analyses how individual countries in the European Union have to react to the recent global crisis by significantly changing their policy priorities, in different ways and to a different extent, in order to implement a plan of structural reforms aiming at effectively relaunching their process of economic growth in the new post-crisis scenario. The paper argues that three factors turn out to be particularly relevant: (i) vulnerabilities in public finance, especially in a number of Eurozone countries; (ii) the tendency towards widespread and growing  income inequalities threatening social cohesion and negatively affecting long-term economic growth; (iii) the persisting cyclical weakness of certain important areas of the European Union.

JEL classification

G01, O40, O52, P11


Financial Crisis, Growth, Europe, Structural Reforms


  1. Introduction
  2. Structural reforms, macroeconomic stability and sustainability of the public finances in the years of the global crisis
  3. The crisis may have altered individual countries’ new reform priorities
  4. Some caveats
  5. Conclusions


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