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Models for Stability and Growth, Structural Reforms, Conditionality, and EU Surveillance Criteria

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Abstract

Policy frameworks of the IMF, the World Bank, and the EU are discussed in order to come up with criteria of macroeconomic and financial stability and sustainability for Future Member States of the EU (candidate and potential candidate countries). The key deficiency of the EU policy framework is that it lacks a short-term stabilization policy model and instruments for adjustment, such as the IMF. It also lacks an appropriate model for investment support, though not necessarily the funds if not the instruments. The paper suggests a set of criteria for surveillance.

Suggested Citation

  • Vladimir Gligorov, 2011. "Models for Stability and Growth, Structural Reforms, Conditionality, and EU Surveillance Criteria," wiiw Research Reports 375, The Vienna Institute for International Economic Studies, wiiw.
    • Handle: RePEc:wii:rpaper:rr:375
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    File URL: https://wiiw.ac.at/models-for-stability-and-growth-structural-reforms-conditionality-and-eu-surveillance-criteria-dlp-2474.pdf
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    Cited by:

    1. Gaaitzen De Vries & Neil Foster-McGregor & Robert Stehrer, 2012. "Value Added and Factors in Trade: A Comprehensive Approach," wiiw Working Papers 80, The Vienna Institute for International Economic Studies, wiiw.

    More about this item

    Keywords

    Weber; Keynes; public choice; EU; IMF; The World Bank; models for policy;
    All these keywords.

    JEL classification:

    • D4 - Microeconomics - - Market Structure, Pricing, and Design
    • F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations
    • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General

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