Macroeconomic Imbalance Procedure

E158740

The Macroeconomic Imbalance Procedure is an EU framework for monitoring, preventing, and correcting harmful macroeconomic trends—such as excessive debt, housing bubbles, or competitiveness losses—in member states.

All labels observed (2)

How this entity was disambiguated

Statements (48)

Predicate Object
instanceOf European Union policy framework ⓘ
economic governance mechanism ⓘ
aimsTo correct excessive macroeconomic imbalances ⓘ
monitor macroeconomic developments in EU member states ⓘ
prevent harmful macroeconomic imbalances ⓘ
appliesTo European Union member states ⓘ
coexistsWith Stability and Growth Pact ⓘ
complements Stability and Growth Pact ⓘ
focusesOn cost competitiveness indicators ⓘ
credit growth ⓘ
current account imbalances ⓘ
excessive debt ⓘ
external debt developments ⓘ
house price dynamics ⓘ
housing market imbalances ⓘ
loss of competitiveness ⓘ
private sector debt ⓘ
public sector debt ⓘ
unemployment dynamics ⓘ
implementedBy European Commission ⓘ
integratedInto European Semester ⓘ
introducedAsPartOf EU economic governance reform package ⓘ
introducedInContextOf post-2008 financial crisis reforms ⓘ
legalBasis Treaty on the Functioning of the European Union ⓘ
mayLeadTo corrective recommendations ⓘ
excessive imbalance procedure ⓘ
preventive recommendations ⓘ
sanctions for euro area member states ⓘ
monitors external macroeconomic imbalances ⓘ
internal macroeconomic imbalances ⓘ
objective reduce risk of financial crises in the European Union ⓘ
safeguard economic stability in the European Union ⓘ
support sustainable growth in the European Union ⓘ
overseenBy Council of the European Union ⓘ
partOf European Union economic governance framework ⓘ
policyArea economic policy coordination in the European Union ⓘ
macroeconomic surveillance ⓘ
policyType corrective arm ⓘ
preventive arm ⓘ
targetGroup euro area member states ⓘ
non-euro area EU member states ⓘ
typeOfImbalanceAddressed excessive current account deficits ⓘ
excessive current account surpluses ⓘ
high external indebtedness ⓘ
loss of export market shares ⓘ
rapid house price increases ⓘ
usesInstrument in-depth reviews of member states ⓘ
scoreboard of economic indicators ⓘ

How these facts were elicited

Referenced by (6)

Full triples — surface form annotated when it differs from this entity's canonical label.

European Union economic and monetary union → hasComponent → Macroeconomic Imbalance Procedure ⓘ
European Semester → basedOn → Macroeconomic Imbalance Procedure ⓘ
EU economic governance framework → includesComponent → Macroeconomic Imbalance Procedure ⓘ
Six-Pack legislation → strengthens → corrective arm of the Stability and Growth Pact ⓘ
linked to: Macroeconomic Imbalance Procedure
Country-Specific Recommendations → relatedTo → Macroeconomic Imbalance Procedure ⓘ
Country-Specific Recommendations adopted by the Council → linkedTo → Macroeconomic Imbalance Procedure ⓘ