Guidelines for sustained growth in the EU? The concept and consequences of the Broad Economic Policy Guidelines
AbstractThe 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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Bibliographic InfoPaper provided by EconWPA in its series Macroeconomics with number 0508016.
Length: 32 pages
Date of creation: 12 Aug 2005
Date of revision:
Note: Type of Document - pdf; pages: 32
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Broad economic policy guidelines; European Union; monetary policy; wage policy; fiscal policy; policy co-ordination;
Other versions of this item:
- 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.
- 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
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