The Alert Mechanism in Case of Macroeconomic Imbalance in the EU Countries and its Effects

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

The Alert Mechanism in Case of Macroeconomic Imbalance in the EU Countries and its Effects

Popis výsledku v původním jazyce

The fiscal profligacy of many EU members in the past has become a challenging test of resistance of the integration process. European Union only by exerting their political forces faced a risk if not the collapse of the Eurozone and the bankruptcy of at least some of its members. The ongoing &quot;hunt&quot; for indebted eurozone countries threatened its very existence and forced policymakers, but also central bankers to find hectic and under pressure accepted solutions. The lessons learned from the recent economic, financial and debt crisis have led to reforms of the EU&apos;s economic governance rules, introducing new surveillance systems for economic and in particular fiscal policies in member countries including timelines (called European Semester). One of the implemented treatments is the mechanism of warning indication of macroeconomic imbalances. This paper assesses the effects resulting from three years of therapy.

Název v anglickém jazyce

The Alert Mechanism in Case of Macroeconomic Imbalance in the EU Countries and its Effects

Popis výsledku anglicky

The fiscal profligacy of many EU members in the past has become a challenging test of resistance of the integration process. European Union only by exerting their political forces faced a risk if not the collapse of the Eurozone and the bankruptcy of at least some of its members. The ongoing &quot;hunt&quot; for indebted eurozone countries threatened its very existence and forced policymakers, but also central bankers to find hectic and under pressure accepted solutions. The lessons learned from the recent economic, financial and debt crisis have led to reforms of the EU&apos;s economic governance rules, introducing new surveillance systems for economic and in particular fiscal policies in member countries including timelines (called European Semester). One of the implemented treatments is the mechanism of warning indication of macroeconomic imbalances. This paper assesses the effects resulting from three years of therapy.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2013

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Medzinárodné vzťahy 2013 : aktuálne otázky svetovej ekonomiky a politiky : zborník príspevkov z 14. medzinárodnej vedeckej konferencie : Smolenice, December 5 – 6, 2013. 3. časť, M - Sta

ISBN

978-80-225-3802-2

ISSN

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e-ISSN

neuvedeno

Počet stran výsledku

10

Strana od-do

500-509

Název nakladatele

Ekonóm

Místo vydání

Bratislava

Místo konání akce

Smolenice

Datum konání akce

5. 12. 2013

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000363789300057