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

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  • Mark Weisbrot
  • Helene Jorgensen

Abstract

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).

Suggested Citation

  • Mark Weisbrot & Helene Jorgensen, 2013. "Macroeconomic Policy Advice and the Article IV Consultations: A European Union Case Study," CEPR Reports and Issue Briefs 2013-03, Center for Economic and Policy Research (CEPR).
  • Handle: RePEc:epo:papers:2013-03
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    File URL: http://www.cepr.net/documents/publications/article-IV-2013-01.pdf
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    1. repec:ilo:ilowps:478371 is not listed on IDEAS
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    Cited by:

    1. Carrera Troyano, Miguel & Muñoz de Bustillo, Rafael, 2013. "Tres décadas de economía, ideología económica y políticas en la evolución de la pobreza y la desigualdad en América Latina
      [Three decades of economics, economic ideology and policies in the evoluti
      ," MPRA Paper 51867, University Library of Munich, Germany, revised 2013.
    2. Goulas, Eleftherios & Zervoyianni, Athina, 2016. "IMF-lending programs and suicide mortality," Social Science & Medicine, Elsevier, vol. 153(C), pages 44-53.

    More about this item

    Keywords

    ILO; IMF; article Iv;

    JEL classification:

    • E - Macroeconomics and Monetary Economics
    • F - International Economics
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • J - Labor and Demographic Economics

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