Guidelines for sustained growth in the EU? The concept and consequences of the Broad Economic Policy Guidelines

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Guidelines for sustained growth in the EU? The concept and consequences of the Broad Economic Policy Guidelines

Author Info

Eckhard Hein (Macroeconomic Policy Institute IMK in the Hans Boeckler Foundation)
Torsten Niechoj (University of Goettingen)

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Eckhard Hein

Abstract

The Broad Economic Policy Guidelines contain the answers of the European Commission and the governments of the EU-member countries to the European growth and employment problems. These guidelines have been the major EU-economic policy concept for around ten years now. They can be seen as a synthesis of the economic policy regime dominating the EU since the early to mid 1990s. However, this concept has not been able to generate sustained growth and low unemployment in the EU as a whole. Examining the guidelines we show the weaknesses of the underlying economic policy model and outline an alternative concept which promises more growth and employment for Europe in the long run.

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Paper provided by EconWPA in its series Macroeconomics with number 0508016.

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Length: 32 pages
Date of creation: 12 Aug 2005
Date of revision:
Handle: RePEc:wpa:wuwpma:0508016

Note: Type of Document - pdf; pages: 32
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Paper
- Eckhard Hein & Thorsten Niechoj, 2005. "Guidelines for sustained growth in the EU ? The concept and consequences of the Broad Economic Policy Guidelines," IMK Working Paper 02-2005, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute. [Downloadable!]

Find related papers by JEL classification:
E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
E - Macroeconomics and Monetary Economics
E - Macroeconomics and Monetary Economics

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

Christopher Allsopp, 2002. "The Future of Macroeconomic Policy in the European Union," Discussion Papers 07, Monetary Policy Committee Unit, Bank of England. [Downloadable!]
Dean Baker & Andrew Glyn & David Howell & John Schmitt, 2002. "Labor Market Institutions and Unemployment: A Critical Assessment of the Cross-Country Evidence," SCEPA Working Papers 2002-17, Schwartz Center for Economic Policy Analysis (SCEPA), The New School. [Downloadable!]
Other versions:
- Andrew Glyn & Dean Baker & David Howell & John Schmitt, 2003. "Labor Market Institutions and Unemployment: A Critical Assessment of the Cross-Country Evidence," Economics Series Working Papers 168, University of Oxford, Department of Economics. [Downloadable!]
Christopher Allsopp & Michael J. Artis, 2003. "The Assessment: EMU, Four Years On," Oxford Review of Economic Policy, Oxford University Press, vol. 19(1), pages 1-29.
Arestis, Philip & McCauley, Kevin & Sawyer, Malcolm, 2001. "An Alternative Stability Pact for the European Union," Cambridge Journal of Economics, Oxford University Press, vol. 25(1), pages 113-30, January.
Other versions:
- Philip Arestis & Kevin McCauley & Malcolm Sawyer, 2000. "An Alternative Stability Pact for the European Union," Macroeconomics 0004043, EconWPA. [Downloadable!]
- Philip Arestis & Kevin McCauley & Malcolm Sawyer, 2000. "An Alternative Stability Pact for the European Union," Economics Working Paper Archive 296, Levy Economics Institute, The. [Downloadable!]

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