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What drives national implementation of EU policy recommendations?

Konstantinos Efstathiou and Guntram Wolff

Working Papers from Bruegel

Abstract: We use a newly-compiled dataset to investigate whether and why European Union countries implement the economic policy recommendations they receive from the EU. We find that implementation rates are modest and have worsened at a time when the economic environment has improved and market pressure on sovereigns has subsided. Implementation has deteriorated in particular among countries designated as having ‘excessive’ macroeconomic imbalances. We then empirically test three factors that could...

Date: 2019-04
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