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The Macroeconomic Imbalance Procedure at the Heart of EU Economic Governance Reform

Author

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  • Willi Koll
  • Andrew Watt

    (Macroeconomic Policy Institute (IMK))

Abstract

While the euro officially came into being in 1999, it was the introduction of euro notes and coins 20 years ago in January 2002 that made the common currency a tangible reality for European citizens. The circle of member states has since grown from 11 to 19, and a growing section of the population no longer has any personal experience with a “national” currency, yet the debate on the legal and institutional framework underpinning the common currency has never gone away.

Suggested Citation

  • Willi Koll & Andrew Watt, 2022. "The Macroeconomic Imbalance Procedure at the Heart of EU Economic Governance Reform," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 57(1), pages 56-62, January.
    • Handle: RePEc:spr:intere:v:57:y:2022:i:1:d:10.1007_s10272-022-1028-7
    DOI: 10.1007/s10272-022-1028-7
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    References listed on IDEAS

    as
    1. Couharde, Cécile & Delatte, Anne-Laure & Grekou, Carl & Mignon, Valérie & Morvillier, Florian, 2018. "EQCHANGE: A world database on actual and equilibrium effective exchange rates," International Economics, Elsevier, vol. 156(C), pages 206-230.
    2. European Fiscal Board (EFB), 2019. "Assessment of EU fiscal rules with a focus on the six and two-pack legislation," Reports 2019, European Fiscal Board.
    3. Koll, Willi & Watt, Andrew, 2019. "Konvergenz von Lohnentwicklung und Makropolitik für eine stabile Europäische Wirtschafts- und Währungsunion," WSI-Mitteilungen, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 72(2), pages 115-124.
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    Citations

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    Cited by:

    1. Tiago Alves & João Amador & Francisco Gonçalves, 2022. "Assessing the scoreboard of the EU macroeconomic imbalances procedure: (machine) learning from decisions," Economics Bulletin, AccessEcon, vol. 42(4), pages 2257-2266.
    2. Willi Koll, 2022. "Gesamtwirtschaftliche Stabilität im klimapolitischen Wandel [Macroeconomic Stability in the Climate Policy Transition]," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 102(4), pages 288-293, April.

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    More about this item

    Keywords

    E61; E62;

    JEL classification:

    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory

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