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

By: Gligorov, Vladimir.
Material type: materialTypeLabelBookSeries: wiiw Research Reports: 375Publisher: Wien : Wiener Institut für Internationale Wirtschaftsvergleiche (wiiw), 2011Description: 30 S., 2 Tables and 1 Figure, 30cm.Subject(s): Weber | Keynes | public choice | EU | IMF | The World Bank | models for policyCountries covered: European Union | SEEwiiw Research Areas: Macroeconomic Analysis and Policy | Regional DevelopmentClassification: D4 | F53 | H30 Online resources: Click here to access online Summary: 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 WIIW Library 5.600/375 (Browse shelf(Opens below)) Available 1000010002474

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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