• Economics
  • Published 2014

Ireland and the Macroeconomic Imbalance Procedure

  title={Ireland and the Macroeconomic Imbalance Procedure},
  author={Ronan Hickey and Linda V. Kane},
The Macroeconomic Imbalance Procedure (MIP), introduced in late 2011, is one of the key components of the reformed European economic governance framework. With its goal of ensuring that macroeconomic imbalances do not emerge as they did in the 2000s, the MIP is part of a strengthened EU economic surveillance framework and is designed to complement the revised Stability and Growth Pact. While it is not clear to what extent the presence of an MIP in the last decade would have reduced Irish… CONTINUE READING


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