Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/301414 
Year of Publication: 
2024
Citation: 
[Journal:] Intereconomics [ISSN:] 1613-964X [Volume:] 59 [Issue:] 3 [Year:] 2024 [Pages:] 176-182
Publisher: 
Sciendo, Warsaw
Abstract: 
EU member states observe an elaborate process to preserve macroeconomic stability: the macroeconomic imbalance procedure (MIP). The MIP is supposed to monitor and prevent macroeconomic imbalances - and if necessary, correct them. It considers a variety of variables to determine the existence of imbalances, e.g. the current account balance or unit labour costs. However, the macroeconomic impact of climate change is ignored. In light of the growing economic risks due to climate change, this article argues that the MIP should consider climate-related risks explicitly to maintain relevance.
JEL: 
E61
E62
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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