Macroeconomic Effects of Regulation and Deregulation in Goods and Labor Markets

By Olivier J. Blanchard, Francesco Giavazzi. 2001

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Citations in the corpus

The effect of globalization on union bargaining and price-cost margins of firms (2009, background): “…are emphasized in various macro models that show how more competitive pricing in the product markets has beneficial 1 For a nice overview of these studies see Part II, European Economy (2005) effects, such as lower unemployment rates, on labor market outcomes (e.g. Blanchard and Giavazzi, 2003).”
Explaining Movements in the Labor Share (2003, background): “Recently Blanchard (1997,1998), Caballero and Hammour (1998), Acemoglu (2003), and Blanchard and Giavazzi (2003) have examined various aspects of the labor share.”
Unemployment, institutions, and reform complementarities: re-assessing the aggregate evidence for OECD countries (2009, background): “Finally, we capture the effect of product market institutions, which has received growing attention in recent literature (e.g. Blanchard and Giavazzi, 2003, Fiori et al., 2007), through an indicator of the average degree of stringency of anti-competitive product market regulation across seven…”
Trade and Unemployment: What Do the Data Say? (2011, background): “…as well as empirical evidence suggest that at least some microeconomic policies–such as product market regulation–do affect the structural rate of unemployment; see Blanchard and Giavazzi (2003) for the theoretical argument and Bassanini and Duval (2006) for a survey of the empirics.”
Entry Regulations and Labour Market Outcomes: Evidence from the Italian retail trade sector (2008, background): “Recent theoretical studies suggest that increasing competition may have positive effects on long-term employment growth at the aggregate level (see for example Blanchard and Giavazzi, 2001).”
Panel Data Estimates of the Production Function and Product and Labor Market Imperfections (2010, background): “2For theoretical contributions on this issue, we refer to Blanchard and Giavazzi (2003) and Nickell (1999).”
What Have we Learnt about Monetary Integration since the Maastricht Treaty (2006, background): “Some authors (Bertola and Boeri, 2002; Blanchard and Giavazzi, 2003) argue that monetary union tends to increase the degree of flexibility of labour markets, while other authors (Sibert and Sutherland, 2000; Soskice and Iversen, 2001) conclude that a monetary union may not lead to more labour market”
Workplace Training in Europe (2005, positive): “Product market regulation The notation used in this part of the Appendix is slightly different and follows Blanchard and Giavazzi, 2003.”
The Effect of Employment Protection Legislation and Financial Market Imperfections on Investment: Evidence from a Firm-Level Panel of EU Countries (2009, positive): “In the labour market and good market for instance, Blanchard and Giavazzi (2003) and Spector (2004) found that when good markets are more imperfect, workers obtain larger rents.”
IS LABOR'S LOSS CAPITAL'S GAIN? GROSS VERSUS NET LABOR SHARES (2017, background): “Bloom et al. (2011) and Autor et al.”
International Trade and Macroeconomic Dynamics with Heterogeneous Firms (2005, background): “Equation (21) now replaces equation (19) when solving for ρ̃X .”
Can Deunionization Lead to International Outsourcing? (2005, background): “From (5) and (3) we can derive firm i’s labor demand:”
The Effects of Labor and Product Market Reforms: The Role of Macroeconomic Conditions and Policies (2018, background): “3 In this setup, which builds and expands on Blanchard and Giavazzi (2003), cutting regulatory barriers to firm entry increases product variety and shrinks price markups; reducing unemployment benefits weakens workers’ outside option and therefore lowers wages and equilibrium unemployment; and…”
Inequality and Unemployment in a Global Economy (2009, neutral): “Now note that, given Q∗, and after substituting ( 15 ) into (17), conditions (16)-(18) characterize”