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Macroeconomic Policy Advice and the Article IV Consultations: A European Union Case Study

  • Mark Weisbrot
  • Helene Jorgensen
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    The IMF makes policy recommendations to European countries through its Article IV consultations and resulting papers. This paper examines IMF policy recommendations to see whether they have contributed to the ongoing crisis in Europe, and also how they might affect other European Union goals such as those of Europe 2020, which seeks to reduce social exclusion, promote public investment in research and development, and promote employment and education. The paper examines the policy advice given by the IMF to European Union countries in 67 Article IV agreements for the four years 2008-2011 (IMF 2012c).

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    File URL: http://www.cepr.net/documents/publications/article-IV-2013-01.pdf
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    Paper provided by Center for Economic and Policy Research (CEPR) in its series CEPR Reports and Issue Briefs with number 2013-03.

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    Length: 50 pages
    Date of creation: Jan 2013
    Date of revision:
    Handle: RePEc:epo:papers:2013-03
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