| Author (Corporate) | European Commission |
|---|---|
| Series Title | COM |
| Series Details | (2013) 790 final (13.11.13) |
| Publication Date | 13/11/2013 |
| Content Type | Policy-making, Report |
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The Alert Mechanism Report (AMR) is the starting point of the yearly cycle of the Macroeconomic Imbalance Procedure (MIP), which aims at identifying and addressing imbalances that hinder the smooth functioning of the EU economies and may jeopardise the proper functioning of the Economic and Monetary Union. The AMR identifies the Member States for which further analysis (in the form of an in-depth review) is necessary in order to decide whether an imbalance in need of policy action exists. In this regard, the AMR is an initial screening device, based on a scoreboard of indicators with indicative thresholds, plus a set of auxiliary indicators. The AMR is not a mechanical exercise and it is not because a Member State reports an indicator beyond the indicative thresholds that an in-depth review is launched, as the Commission takes the complete economic picture into account. It is only on the basis of the in-depth reviews that the Commission will conclude whether imbalances, and potentially excessive imbalances, exist and put forward the appropriate policy recommendations. The in-depth reviews will be published in spring 2014 and will feed into the analysis underpinning next year’s country-specific recommendations under the 'European Semester' of economic policy coordination. |
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| Source Link | http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=COM:2013:790:FIN |
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| Subject Categories | Economic and Financial Affairs |
| Countries / Regions | Europe |
