A NEW STATISTICAL MECHANISM TO IDENTIFY THE POTENTIAL MACROECONOMIC RISKS IN EURO-AREA MEMBER STATES

Ciprian Alexandru, Nicoleta Caragea and Mariana Paja
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Mariana Paja: Faculty of Economics, Ecological University of Bucharest

No 1, Post-Crisis Trends - Working papers from Ecological University of Bucharest, Department of Economics

Abstract: This paper exposes the methodology of the Macroeconomic Imbalance Procedure (MIP), according to the methodology developed by Eurostat. The system is based on a scoreboard of a set of indicators, defined as a filter to identify the potential risks in the national economies in the European Union and issues for which a closer analysis is deemed necessary. The results of these reviews forms the basis for further steps under the MIP whereby a graduated approach is followed reflecting the state of imbalances. This study is a coherent and comprehensive presentation of the MIP as a statistical tool which can eventually lead to identify potential risks in the euro area Member States.

Keywords: MIP; imbalance procedure; scoreboard; financial indicators; deflator (search for similar items in EconPapers)
JEL-codes: E66 O52 (search for similar items in EconPapers)
Pages: 11 pages
Date: 2014-01
New Economics Papers: this item is included in nep-mac
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Published in Economics of Sustainable Development - Post-Crisis Trends, ISBN: 978-606-652-060-7, March 2014, pages 6-16

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Persistent link: https://EconPapers.repec.org/RePEc:eub:wp2014:2014-01

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