@TechReport{iza:izadps:dp833,
            	author={Gersbach, Hans},
            	title={Structural Reforms and the Macroeconomy: The Role of General Equilibrium Effects},
            	year={2003},
	month={Jul},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={833},
            	url={https://www.iza.org/publications/dp833},
	abstract={We examine the macroeconomic consequences of industry wage bargaining and product
market reforms. We suggest that general equilibrium effects may be important for the
evaluation of industry-specific regulations. In particular, we suggest that the European
unemployment problem can be traced back partially to insufficient recognition of general
equilibrium effects. Moreover, unawareness of general equilibrium effects may be an
explanation of why regulations are introduced and why structural reforms are (not)
undertaken.},
	keywords={uneven technological progress;industry wage bargaining;unemployment;structural reforms;general equilibrium effects},
            }