Macroeconomic Imbalance Procedure
The Macroeconomic Imbalance Procedure has as objectives to detect, a priori, macroeconomic imbalances (preventive arm) and to correct the existing imbalances (corrective arm). It consists of the assessment of a panel of indicators linked with external imbalances, competitiveness, and domestic imbalances. The corrective arm forces the country to be subject to a tighter control and determines the presentation of a plan to correct imbalances.
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