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Only One Bed for Two Dreams: A Critical Retrospective on the Debate over the Economic Governance of the Euro Area

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  • JEAN PISANI‐FERRY

Abstract

This article investigates why economic governance of EMU remains a matter for disagreement, revisiting in particular the Franco—German debate about the appropriate architecture. Is it due to divergent policy priorities within the same analytical framework? To different economic models? Or to non‐economic considerations, such as the link with political union?

Suggested Citation

  • Jean Pisani‐Ferry, 2006. "Only One Bed for Two Dreams: A Critical Retrospective on the Debate over the Economic Governance of the Euro Area," Journal of Common Market Studies, Wiley Blackwell, vol. 44(4), pages 823-844, November.
    • Handle: RePEc:bla:jcmkts:v:44:y:2006:i:4:p:823-844
    DOI: 10.1111/j.1468-5965.2006.00664.x
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    Cited by:

    1. Niels Thygesen, 2007. "Gouvernance économique dans la zone euro : évolution ou conflit ?," Revue d'Économie Financière, Programme National Persée, vol. 88(2), pages 233-243.
    2. Arnaud Lechevalier, 2015. "Eucken under the Pillow: The Ordoliberal Imprint on Social Europe," Post-Print halshs-03781875, HAL.
    3. Christos J. Paraskevopoulos, 2017. "Varieties of capitalism, quality of government, and policy conditionality in Southern Europe:Greece and Portugal in comparative perspective," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 117, Hellenic Observatory, LSE.
    4. Davide VITTORI, 2013. "A political crisis in an economic tempest (January 2008 – December 2012)," Eastern Journal of European Studies, Centre for European Studies, Alexandru Ioan Cuza University, vol. 4, pages 105-126, June.
    5. André Sapir, 2011. "European Integration at the Crossroads: A Review Essay on the 50th Anniversary of Bela Balassa's Theory of Economic Integration," Journal of Economic Literature, American Economic Association, vol. 49(4), pages 1200-1229, December.
    6. Luigi Bonatti & Andrea Fracasso, 2017. "Addressing the Core-Periphery Imbalances in Europe: Resource Misallocation and Expansionary Fiscal Policies," EconPol Working Paper 6, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    7. Fabio Balboni & Marco Buti & Martin Larch, 2007. "ECB vs Council vs Commission: Monetary and fiscal policy interactions in the EMU when cyclical conditions are uncertain," European Economy - Economic Papers 2008 - 2015 277, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    8. Dermot Hodson, 2013. "The Eurozone in 2012: ‘Whatever It Takes to Preserve the Euro'?," Journal of Common Market Studies, Wiley Blackwell, vol. 51, pages 183-200, September.
    9. Hubert Gabrisch, 2011. "A Macroeconomist’s View on EU Governance Reform: Why and How to Establish Policy Coordination?," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 56(191), pages 69-88, October-D.

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