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Macroeconomic Policy Advice and the Article IV Consultations: A European Union Case Study

Macroeconomic Policy Advice and the Article IV Consultations: A European Union Case Study

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This paper raises questions as to whether the IMF’s policy advice has contributed to the ongoing economic problems in Europe.
This paper raises questions as to whether the IMF’s policy advice has contributed to the ongoing economic problems in Europe.

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Categories:Types, Research
Published by: Center for Economic and Policy Research on Jan 28, 2013
Copyright:Attribution Non-commercial

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07/02/2013

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Macroeconomic Policy Adviceand the Article IV Consultations:
A European Union Case Study
Mark Weisbrot and Helene Jorgensen
 January 2013
Center for Economic and Policy Research
1611 Connecticut Avenue, NW, Suite 400Washington, D.C. 20009202-293-5380www.cepr.net
 
 
CEPR
Macroeconomic Policy Advice and the Article IV Consultations
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Contents
  Austria ............................................................................................................................................................................ 24Belgium .......................................................................................................................................................................... 25Bulgaria .......................................................................................................................................................................... 26Cyprus ............................................................................................................................................................................ 27Czech Republic ............................................................................................................................................................. 27Denmark ........................................................................................................................................................................ 29Estonia ........................................................................................................................................................................... 29Finland ........................................................................................................................................................................... 30France ............................................................................................................................................................................. 31Germany ........................................................................................................................................................................ 32Greece ............................................................................................................................................................................ 33Hungary.......................................................................................................................................................................... 33Ireland ............................................................................................................................................................................ 34Italy ................................................................................................................................................................................. 34Latvia .............................................................................................................................................................................. 36Lithuania ........................................................................................................................................................................ 36Luxembourg .................................................................................................................................................................. 37
 
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Macroeconomic Policy Advice and the Article IV Consultations
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Malta ............................................................................................................................................................................... 38Netherlands ................................................................................................................................................................... 38Poland ............................................................................................................................................................................ 39Portugal .......................................................................................................................................................................... 40Romania ......................................................................................................................................................................... 41Slovakia .......................................................................................................................................................................... 41Slovenia .......................................................................................................................................................................... 42Spain ............................................................................................................................................................................... 42Sweden ........................................................................................................................................................................... 43United Kingdom ........................................................................................................................................................... 44
cknowledgements
 The authors would like to thank the following people for helpful reviews and helpful comments:Prakash Loungani, economists from the European Department of the International Monetary Fund,Iyanatul Islam, Peter Bakvis, Dean Baker, Anis Chowdhury, David Kucera, Simon Wren-Lewis,Uma Rani Amara, and Dianne Holland. The authors also thank the International Labor Organization for their funding and support for thisproject. The opinions expressed in this paper are solely those of the authors, and are not to beassociated with the ILO.
bout the Authors
Mark Weisbrot is an economist and Co-Director, and Helene Jorgensen is a Senior Research Associate at the Center for Economic and Policy Research, in Washington D.C.

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