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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.

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Official URL: http://dx.doi.org/10.1111/j.1468-5965.2008.00822.x

Abstract

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.

Item Type: Article
School or Research Centre: Birkbeck Schools and Research Centres > School of Social Sciences, History and Philosophy > Politics
Depositing User: Administrator
Date Deposited: 18 Jan 2011 10:01
Last Modified: 17 Apr 2013 12:18
URI: http://eprints.bbk.ac.uk/id/eprint/2144

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