National Productivity Boards

Aitor Lacuesta () and Patrocinio Tello

Economic Bulletin, 2016, issue NOV, No 2, 19-26

Abstract: On 19 September 2016, the European Council recommended the establishment of National Productivity Boards (NPBs) by the Member States to help identify structural problems of low growth in productivity and macroeconomic imbalances in euro area countries. This article reviews certain basic aspects of the design and main features of these new institutions. Adequate NPB design, appropriate and clear definition of NPB functions and guaranteed access to the resources necessary to perform such functions could contribute to enriching the analysis and debate, at national and European level, of the structural reforms needed to improve productivity and competitiveness. Insofar as the mandate of these institutions also encompasses the assessment of alternative economic policies, their recommendations could become a catalyst for boosting a reform agenda.

Date: 2016
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