The broad economic policy guidelines: before and after the re-launch of the Lisbon Strategy
Deroose, S. and Hodson, Dermot and Kuhlmann, J. (2008) The broad economic policy guidelines: before and after the re-launch of the Lisbon Strategy. Journal of Common Market Studies 46 (4), pp. 827-848. ISSN 0021-9886.
This article explores the evolution of the European Union's Broad Economic Policy Guidelines (BEPGs) since their introduction in 1993. It argues that the BEPGs have demonstrated value-added as an overarching instrument of policy co-ordination and as a catalyst for co-operation between European and national policy-makers. Notwithstanding this, the effectiveness of the BEPGs appears to have been hindered by the progressive accumulation of guidelines and by the failure of peer pressure to bite as a sanction mechanism. The re-launch of the Lisbon Strategy in March 2005 simplified and streamlined the BEPGs, embedding them within a new set of Integrated Guidelines for Growth and Jobs. Key issues surrounding the future of the BEPGs concern their potential as a trigger for 'home grown' peer pressure, their attention to euro area specific issues and the involvement of the European Parliament in multilateral surveillance.
|School:||Birkbeck Schools and Departments > School of Social Sciences, History and Philosophy > Politics|
|Research Centre:||British Politics and Public Life, Centre for the Study of|
|Date Deposited:||18 Jan 2011 10:01|
|Last Modified:||07 Dec 2016 15:23|
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