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

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    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.

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    Paper provided by The Vienna Institute for International Economic Studies, wiiw in its series wiiw Research Reports with number 375.

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    Length: 30 pages including 2 Tables and 1 Figure
    Date of creation: Dec 2011
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    Publication status: Published as wiiw Research Report
    Handle: RePEc:wii:rpaper:rr:375
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