How has the macro-economic imbalances procedure worked in practice to improve the resilience of the euro area?
Studju
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.
Studju
Awtur estern
Agnès BÉNASSY-QUÉRÉ, Guntram WOLFF
Dwar dan id-dokument
Tip ta’ pubblikazzjoni
Qasam tematiku
Kelma għat-tiftix
- analiżi ekonomika
- deflazzjoni
- dokumentazzjoni
- EDUKAZZJONI U KOMUNIKAZZJONI
- EKONOMIJA
- ekonomija monetarja
- FINANZI
- istituzzjonijiet tal-UE u servizz ċivili Ewropew
- kostruzzjoni Ewropea
- Kumitat tal-PE
- makroekonomija
- moviment liberu tal-kapital
- politika ekonomika
- politika tal-UE-politika nazzjonali
- rapport tar-riċerka
- relazzjonijiet monetarji
- riskju finanzjarju
- stabbiltà finanzjarja
- Unjoni Ekonomika u Monetarja
- UNJONI EWROPEA
- żona tal-euro