IMF Staff Country Reports

Portugal: Selected Issues

Publication Date:

May 18, 2015

Electronic Access:

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Summary:

This Selected Issues paper takes stock of structural reforms in Portugal from a firm-level perspective. Structural reforms were the main available policy tool to mend Portugal’s accumulated imbalances. Portugal’s macroeconomic toolbox was severely constrained by monetary union membership and spillover considerations. This paper discusses what structural reforms were supposed to achieve at the firm level. It documents a few stylized facts about Portuguese firms and describes the structural reform agenda. The paper also reports the results of a firm survey on the perceived effectiveness of the structural reforms.

Series:

Country Report No. 2015/127

Subject:

Expenditure Labor Labor markets Macrostructural analysis Public debt Structural reforms