Guidelines for sustained growth in the EU ? The concept and consequences of the Broad Economic Policy Guidelines
The 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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- Arestis, Philip & McCauley, Kevin & Sawyer, Malcolm, 2001.
"An Alternative Stability Pact for the European Union,"
Cambridge Journal of Economics,
Oxford University Press, vol. 25(1), pages 113-30, January.
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- Philip Arestis & Kevin McCauley & Malcolm Sawyer, 2000. "An Alternative Stability Pact for the European Union," Economics Working Paper Archive wp_296, Levy Economics Institute.
- Christopher Allsopp & Michael J. Artis, 2003. "The Assessment: EMU, Four Years On," Oxford Review of Economic Policy, Oxford University Press, vol. 19(1), pages 1-29.
- Andrew Glyn, 2003.
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Economics Series Working Papers
168, University of Oxford, Department of Economics.
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- Christopher Allsopp, 2002. "The Future of Macroeconomic Policy in the European Union," Discussion Papers 07, Monetary Policy Committee Unit, Bank of England.
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