Macroeconomic Imbalance Procedure

Joaquim Miranda Sarmento
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Joaquim Miranda Sarmento: University of Lisbon

Chapter Chapter 4 in Public Finance and National Accounts in the European Context, 2018, pp 69-72 from Springer

Abstract: Abstract The Macroeconomic Imbalance Procedure has as objectives to detect, a priori, macroeconomic imbalances (preventive arm) and to correct the existing imbalances (corrective arm). It consists of the assessment of a panel of indicators linked with external imbalances, competitiveness, and domestic imbalances. The corrective arm forces the country to be subject to a tighter control and determines the presentation of a plan to correct imbalances.

Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:spr:fimchp:978-3-030-05174-7_4

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DOI: 10.1007/978-3-030-05174-7_4

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