STRESS stands for Structural Reforms and Shadow Sector; it is medium-scale dynamic general equilibrium model which can be solved by Matlab and Dynare. Especially since the recent economic crisis, there has been a widespread debate on the macroeconomic impact of structural reforms. STRESS is an appropriate tool to examine the aggregate short- and long-run effects of both labor and product market deregulation policies, in the presence of an informal economy, and with a special focus on joint reforms and reform sequencing.
- two selected issues papers on India in 2014 and 2017 (here and here);
- a box in Peru's 2017 AIV report (here);
- a selected issues paper on Argentina in 2017 (here);
- and a selected issues paper on Colombia in 2018 (here).
Further, there is work in progress on Peru and Morocco.
Additionally, training was also provided on the STRESS model i International Monetary Fund.
A two-pager is available here (last updated on September 17, 2018).