OECD papers released

The OECD's Economic department has released two papers:

• One on the adjustment of labour markets and tax reforms

This paper examines the nature and the length of economic adjustments to selected structural reforms, drawing on a variety of approaches: descriptive analysis and simulations using Dynamic General Equilibrium and macro-economic neo-Keynesian models.

• The second on the Short-term distributional effects of structural reforms: selected simulations in a DGSE framework

This paper examines the short-term distributional effects of a number of tax and labour market reforms in the euro area, drawing on simulations using a micro-founded dynamic general equilibrium model.