How has the macro-economic imbalances procedure worked in practice to improve the resilience of the euro area?
Štúdia
11-03-2020
This paper shows how the Macroeconomic Imbalances Procedure (MIP) could be streamlined and its underlying conceptual framework clarified. Implementation of the country-specific recommendations is low; their internal consistency is sometimes missing; despite past reforms, the MIP remains largely a country-by-country approach running the risk of aggravating the deflationary bias in the euro area. We recommend to streamline the scoreboard around a few meaningful indicators, involve national macro-prudential and productivity councils, better connect the various recommendations, simplify the language and further involve the Commission into national policy discussions.
Štúdia
Externý autor
Agnès BÉNASSY-QUÉRÉ, Guntram WOLFF
O tomto dokumente
Typ publikácie
Oblasť politiky
Kľúčové slovo
- budovanie Európy
- deflácia
- dokumentácia
- ekonomická analýza
- EKONOMIKA
- eurozóna
- EURÓPSKA ÚNIA
- európsky parlamentný výbor
- FINANCIE
- finančná stabilita
- finančné riziko
- hospodárska a menová únia
- hospodárska politika
- inštitúcie EÚ a európska verejná služba
- makroekonomika
- menová ekonómia
- menové vzťahy
- politika EÚ - národná politika
- voľný pohyb kapitálu
- VZDELANIE A KOMUNIKÁCIE
- výskumná správa