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.
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.
Metadata
| Item Type: | Article |
|---|---|
| School: | Birkbeck Faculties and Schools > Faculty of Humanities and Social Sciences > School of Social Sciences |
| Research Centres and Institutes: | Birkbeck Centre for British Political Life |
| Depositing User: | Administrator |
| Date Deposited: | 18 Jan 2011 10:01 |
| Last Modified: | 02 Aug 2023 16:52 |
| URI: | https://eprints.bbk.ac.uk/id/eprint/2144 |
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