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Is the European Semester effective and useful?

Author

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  • Konstantinos Efstathiou
  • Guntram B. Wolff

Abstract

The authors study whether and to what extent EU countries implement recommendations on macroeconomic imbalances given by the EU in the so-called European Semester. They assess how recommendations have evolved since 2013, based on a new database. Konstantinos Efstathiou and Guntram B. Wolff also study how EU recommendations on addressing macroeconomic imbalances compare to recommendations given by the International Monetary Fund. Overall implementation of recommendations by EU countries has worsened in the...

Suggested Citation

  • Konstantinos Efstathiou & Guntram B. Wolff, 2018. "Is the European Semester effective and useful?," Policy Contributions 26281, Bruegel.
  • Handle: RePEc:bre:polcon:26281
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    Citations

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    Cited by:

    1. Jean-Charles Bricongne & Nuria Mata Garcia & Alessandro Turrini, 2019. "Macroeconomic Imbalance Procedure, economic reforms and policy progress in the European Union," Working Papers hal-03475400, HAL.
    2. Lucas Guttenberg & Johannes Hemker & Sander Tordoir, 2021. "Alles wird anders — Wie die Pandemie die EU-Finanzarchitektur verändert," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 101(2), pages 90-94, February.
    3. Aliénor Cameron & Grégory Claeys & Catarina Midões & Simone Tagliapietra, 2020. "How good is the European Commission’s Just Transition Fund proposal?," Policy Contributions 34981, Bruegel.
    4. Annette Bongardt & Francisco Torres, 2022. "The European Green Deal: More than an Exit Strategy to the Pandemic Crisis, a Building Block of a Sustainable European Economic Model," Journal of Common Market Studies, Wiley Blackwell, vol. 60(1), pages 170-185, January.
    5. Mario Alloza & Javier Andrés & Pablo Burriel & Iván Kataryniuk & Javier J. Pérez & Juan Luis Vega, 2021. "La reforma del marco de gobernanza de la política fiscal de la Unión Europea en un nuevo entorno macroeconómico," Occasional Papers 2121, Banco de España.
    6. Maria Auböck & Doris Prammer, 2020. "Wirtschaftspolitische Empfehlungen in der EU und deren Umsetzungsbilanz in Österreich," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue Q1-Q2/20, pages 195-209.
    7. Sara Casagrande & Bruno Dallago, 2022. "Socio-Economic and Political Challenges of EU Member Countries: Grasping the Policy Direction of the European Semester," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 64(3), pages 487-519, September.
    8. Mario Alloza & Javier Andrés & Pablo Burriel & Iván Kataryniuk & Javier J. Pérez & Juan Luis Vega, 2021. "The reform of the european Union’s fiscal governance Framework in a new Macroeconomic environment," Occasional Papers 2121, Banco de España.
    9. Gräbner-Radkowitsch, Claudius & Hager, Theresa, 2021. "(Mis)measuring competitiveness: the quantification of a malleable concept in the European Semester," ZOE Discussion Papers 8, ZOE. institute for future-fit economies, Bonn.
    10. European Fiscal Board (EFB), 2019. "Assessment of EU fiscal rules with a focus on the six and two-pack legislation," Reports 2019, European Fiscal Board.
    11. repec:hal:spmain:info:hdl:2441/6dicic97b487dbkfcnlm8fi6tk is not listed on IDEAS
    12. Philippe Pochet, 2022. "From one crisis to another: changes in the governance of the Economic and Monetary Union (EMU)," Transfer: European Review of Labour and Research, , vol. 28(1), pages 119-133, February.
    13. Mark Dawson & Adina Maricut‐Akbik, 2023. "Accountability in the EU's para‐regulatory state: The case of the Economic and Monetary Union," Regulation & Governance, John Wiley & Sons, vol. 17(1), pages 142-157, January.
    14. David Bokhorst, 2022. "The Influence of the European Semester: Case Study Analysis and Lessons for its Post‐Pandemic Transformation," Journal of Common Market Studies, Wiley Blackwell, vol. 60(1), pages 101-117, January.
    15. Bernhard Zeilinger, 2021. "Die Wirkmächtigkeit des Europäischen Semesters und ihre Auswirkung auf die Interessensvertretung durch Arbeitnehmer:innenverbände," Working Paper Reihe der AK Wien - Materialien zu Wirtschaft und Gesellschaft 231, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik.

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