IDEAS home Printed from https://ideas.repec.org/a/vrs/intere/v59y2024i6p352-358n1009.html
   My bibliography  Save this article

Macroeconomic Policy at a Turning Point: 25 Years of EU Macroeconomic Dialogue

Author

Listed:
  • Koll Willi

    (Independent researcher and writer, Bonn, Germany.)

  • Merz Wolfgang

    (Independent consultant and policy advisor, Berlin, Germany.)

Abstract

This year marks the 25th anniversary of the EU’s Macroeconomic Dialogue (MED). Since entering its third decade, the MED has already faced two massive crises: the COVID-19 pandemic and the surge in energy prices. Yet European economic policymakers continue to face multiple macro-structural challenges that will also have an impact on the future work of the MED. This article explores the role of the MED during the two recent crises and considers its evolving responsibilities, particularly in light of the EU’s goal of climate neutrality.

Suggested Citation

  • Koll Willi & Merz Wolfgang, 2024. "Macroeconomic Policy at a Turning Point: 25 Years of EU Macroeconomic Dialogue," Intereconomics: Review of European Economic Policy, Sciendo, vol. 59(6), pages 352-358.
  • Handle: RePEc:vrs:intere:v:59:y:2024:i:6:p:352-358:n:1009
    DOI: 10.2478/ie-2024-0068
    as

    Download full text from publisher

    File URL: https://doi.org/10.2478/ie-2024-0068
    Download Restriction: no

    File URL: https://libkey.io/10.2478/ie-2024-0068?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Sebastian Barnes, 2022. "EU Fiscal Governance Reforms: A Perspective of Independent Fiscal Institutions," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 57(1), pages 21-25, January.
    2. 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.
    3. Isabella M. Webe & Evan Wasner, 2023. "Sellers’ inflation, profits and conflict: why can large firms hike prices in an emergency?," Review of Keynesian Economics, Edward Elgar Publishing, vol. 11(2), pages 183-213, April.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Michalis Nikiforos & Simon Grothe & Jan David Weber, 2024. "Markups, profit shares, and cost-push-profit-led inflation," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 33(2), pages 342-362.
    2. Vallès Codina, Oriol, 2023. "Business cycles, sectoral price stabilization, and climate change mitigation: A model of multi-sector growth in the tradition of the Bielefeld disequilibrium approach," Journal of Economic Behavior & Organization, Elsevier, vol. 216(C), pages 636-653.
    3. Davide Romaniello & Antonella Stirati, 2024. "Cost-push and conflict inflation in theory and practice - with a discussion of the Italian case," FMM Working Paper 96-2024, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    4. Alexander Guschanski & Özlem Onaran, 2025. "UK Markups and Profit Margins during the pandemic and its aftermath," Working Papers PKWP2501, Post Keynesian Economics Society (PKES).
    5. Hein, Eckhard, 2023. "Inflation is always and everywhere … a conflict phenomenon: Post-Keynesian inflation theory and energy price driven conflict inflation," IPE Working Papers 224/2023, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
    6. Rolim, Lilian & Carvalho, Laura & Lang, Dany, 2024. "Monetary policy rules and the inequality-augmented Phillips curve," Economic Modelling, Elsevier, vol. 139(C).
    7. Scanlon, Paul, 2024. "A model of greedflation," Economics Letters, Elsevier, vol. 234(C).
    8. Giovanni Dosi & Lucrezia Fanti & Maria Enrica Virgillito, 2024. "Attributes and Trends of Rentified Capitalism," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 10(2), pages 435-457, July.
    9. Montes Rojas Gabriel & Dvoskin Ariel & Feldman Germán, 2023. "Exchange-Rate Regime And Sectorial Profitability In A Small Open Economy: A Theoretical And Empirical Analysis Of Argentina (2016-2023)," Asociación Argentina de Economía Política: Working Papers 4673, Asociación Argentina de Economía Política.
    10. 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.
    11. Tom Krebs & Isabella Weber, 2024. "Can Price Controls be Optimal? The Economics of the Energy Shock in Germany," Working Papers 3, Forum New Economy.
    12. Ipsen, Leonhard & Aminian, Armin & Schulz-Gebhard, Jan, 2023. "Stress-testing inflation exposure: Systemically significant prices and asymmetric shock propagation in the EU28," BERG Working Paper Series 188, Bamberg University, Bamberg Economic Research Group.
    13. Jo Michell, 2023. "Macroeconomic policy at the end of the age of abundance," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 20(2), pages 369-387, November.
    14. Yannis Dafermos, 2024. "The climate crisis meets the ECB: tinkering around the edges or paradigm shift?," Working Papers 264, Department of Economics, SOAS University of London, UK.
    15. Shahzad, Umer & Orsi, Bianca & Sharma, Gagan Deep, 2024. "Managing inflation expectations and the efficiency of monetary policy responses to energy crises," Energy Economics, Elsevier, vol. 133(C).
    16. Sánchez García, Javier & Galdeano Gómez, Emilio & Cruz Rambaud, Salvador, 2024. "Drivers of inflationary shocks and spillovers between Europe and the United States," Socio-Economic Planning Sciences, Elsevier, vol. 95(C).
    17. Fu, Bowen & Mendieta-Munoz, Ivan, 2025. "Trend inflation and structural shocks," EconStor Preprints 308793, ZBW - Leibniz Information Centre for Economics.
    18. Armanda Cetrulo & Dario Guarascio & Maria Enrica Virgillito, 2024. "Two neglected origins of inequality: hierarchical power and care work," LEM Papers Series 2024/04, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    19. Leonardo Ciambezi & Mattia Guerini & Mauro Napoletano & Andrea Roventini, 2023. "Accounting for the Multiple Sources of Inflation: an Agent-Based Model Investigation," GREDEG Working Papers 2023-14, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France, revised Jun 2024.
    20. Martin Schneider, 2024. "What contributes to consumer price inflation? A novel decomposition framework with an application to Austria (Martin Schneider)," Working Papers 255, Oesterreichische Nationalbank (Austrian Central Bank).

    More about this item

    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
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vrs:intere:v:59:y:2024:i:6:p:352-358:n:1009. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.