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The Use of Targets in the Lisbon Strategy

Author

Listed:
  • Lorenzo Codogno

    () (Ministry of Economy and Finance, Rome)

  • Guillaume Odinet

    () (Ministry of Economy and Finance, Rome)

  • Flavio Padrini

    () (Ministry of Economy and Finance, Rome)

Abstract

Targets can be very useful in policymaking within the context of the Lisbon Strategy, but they need to be used in accordance with certain criteria. In particular, there should be intermediate targets in place that directly affect final policy goals, and are easy to measure and monitor. Moreover, in order to be more effective, targets should be complemented by structural indicators. Reliable quantitative tools should be used to assess intended and unintended implications of policies implemented to meet targets. Finally, a transparent and widely-accepted mechanism should be in place to transpose EU-wide targets into realistic, but still challenging, national targets.

Suggested Citation

  • Lorenzo Codogno & Guillaume Odinet & Flavio Padrini, 2009. "The Use of Targets in the Lisbon Strategy," Rivista di Politica Economica, SIPI Spa, issue 1, pages 3-21, January-M.
  • Handle: RePEc:rpo:ripoec:y:2009:i:1:p:3-21
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    Citations

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    Cited by:

    1. Magdalena Olczyk, 2014. "Structural Heterogeneity Between Eu 15 And 12 New Eu Members – The Obstacle To Lisbon Strategy Implementation?," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 9(4), pages 21-43, December.
    2. Magdalena Olczyk, 2013. "Lisbon Strategy implementation in 12 New EU Members – multivariate analysis of structural indicators," GUT FME Working Paper Series A 16, Faculty of Management and Economics, Gdansk University of Technology.

    More about this item

    Keywords

    policy objectives; macroeconomics;

    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
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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