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Macroeconomic policy advice and the article IV consultations comparative overview of European Union member states

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  • Weisbrot, Mark.
  • Jorgensen, Helene.

Abstract

Examines 67 IMF Article IV consultations in 27 EU member states between 2008 and 2011, and shows that there is an overwhelming emphasis on fiscal consolidation, reduction of social expenditures, and measures that weaken the bargaining power and income of labour, and make it difficult to promote growth and employment.

Suggested Citation

  • Weisbrot, Mark. & Jorgensen, Helene., 2013. "Macroeconomic policy advice and the article IV consultations comparative overview of European Union member states," ILO Working Papers 994855133402676, International Labour Organization.
    • Handle: RePEc:ilo:ilowps:994855133402676
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    File URL: http://www.ilo.org/public/libdoc/ilo/2013/485513.pdf
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    References listed on IDEAS

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    1. Fratzscher, Marcel & Reynaud, Julien, 2011. "IMF surveillance and financial markets--A political economy analysis," European Journal of Political Economy, Elsevier, vol. 27(3), pages 405-422, September.
    2. Islam, Iyanatul, & Ahmed, Ishraq. & Roy, Rathin. & Ramos, Raquel., 2012. "Macroeconomic policy advice and the Article IV consultations a development perspective," ILO Working Papers 994783713402676, International Labour Organization.
    3. Bergljot B Barkbu & Jesmin Rahman & Rodrigo O. Valdes, 2012. "Fostering Growth in Europe Now," IMF Staff Discussion Notes 12/07, International Monetary Fund.
    4. Mark Weisbrot & Juan Antonio Montecino, 2012. "More Pain, No Gain for Greece: Is the Euro Worth the Costs of Pro-Cyclical Fiscal Policy and Internal Devaluation?," CEPR Reports and Issue Briefs 2012-07, Center for Economic and Policy Research (CEPR).
    5. Mark Weisbrot & Rebecca Ray & Jake Johnston & Jose Antonio Cordero, 2009. "IMF-Supported Macroeconomic Policies and the World Recession: A Look at Forty-One Borrowing Countries," CEPR Reports and Issue Briefs 2009-37, Center for Economic and Policy Research (CEPR).
    6. Giovanni Callegari & Mr. Giovanni Melina & Nicoletta Batini, 2012. "Successful Austerity in the United States, Europe and Japan," IMF Working Papers 2012/190, International Monetary Fund.
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    Cited by:

    1. Carrera Troyano, Miguel & Muñoz de Bustillo, Rafael, 2013. "Tres décadas de economía, ideología económica y políticas en la evolución de la pobreza y la desigualdad en América Latina [Three decades of economics, economic ideology and policies in the evoluti," MPRA Paper 51867, University Library of Munich, Germany, revised 2013.
    2. Goulas, Eleftherios & Zervoyianni, Athina, 2016. "IMF-lending programs and suicide mortality," Social Science & Medicine, Elsevier, vol. 153(C), pages 44-53.
    3. Ortiz, Isabel, & Cummins, Matthew. & Capaldo, Jeronim. & Karunanethy, Kalaivani., 2015. "The decade of adjustment : a review of austerity trends 2010-2020 in 187 countries," ILO Working Papers 994890453402676, International Labour Organization.

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