IDEAS home Printed from https://ideas.repec.org/a/sae/niesru/v183y2003i1p66-77.html
   My bibliography  Save this article

Economic Policy Coordination in the European Union

Author

Listed:
  • Iain Begg

    (London School of Economics and Political Science)

  • Dermot Hodson

    (London School of Economics and Political Science)

  • Imelda Maher

    (London School of Economics and Political Science)

Abstract

There are differing views about the need for economic policy coordination in the EU and about the adequacy of the system that has evolved under EMU. This article examines the case for such policy coordination, then describes and assesses the current arrangements for both ‘hard’ coordination - epitomised by the much-maligned Stability and Growth Pact (SGP) - and the ‘soft’ forms of coordination that have evolved in the EU to complement formal rules. Although the system achieves more than is sometimes recognised, it is shown to have weaknesses. Options for reforming the SGP and other facets of the system are discussed.

Suggested Citation

  • Iain Begg & Dermot Hodson & Imelda Maher, 2003. "Economic Policy Coordination in the European Union," National Institute Economic Review, National Institute of Economic and Social Research, vol. 183(1), pages 66-77, January.
    • Handle: RePEc:sae:niesru:v:183:y:2003:i:1:p:66-77
    as

    Download full text from publisher

    File URL: http://ner.sagepub.com/content/183/1/66.abstract
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Briotti, Maria Gabriella, 2004. "Fiscal adjustment between 1991 and 2002: stylised facts and policy implications," Occasional Paper Series 9, European Central Bank.
    2. Paolo Biraschi, "undated". "Searching for the optimal EMU fiscal rule:an ex-post analysis of the SGP reform proposals," Working Papers wp2008-7, Department of the Treasury, Ministry of the Economy and of Finance.
    3. Matthieu Bussière & Bruno Cabrillac & Françoise Drumetz & Véronique Genre & Rémy Lecat & Baptiste Meunier, 2018. "The role of international organisations in the monitoring and coordination of structural reforms [Le rôle des instances internationales dans le suivi et la coordination des réformes structurelles]," Bulletin de la Banque de France, Banque de France, issue 220.
    4. Aura Gabriela SOCOL & Dorin MĂNTESCU, 2011. "Re-modeling the Romanian Fiscal Policy under the Terms of the Economic Crisis," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(1(554)), pages 111-120, January.
    5. Schäfer, Armin, 2004. "A new form of governance? Comparing the open method of coordination to multilateral surveillance by the IMF and the OECD," MPIfG Working Paper 04/5, Max Planck Institute for the Study of Societies.
    6. Lisa Fingland & Stephen J. Bailey, 2008. "The EU's Stability and Growth Pact: Its Credibility and Sustainability," Public Money & Management, Taylor & Francis Journals, vol. 28(4), pages 223-230, August.
    7. Ebert, Werner & Eckardt, Martina, 2011. "Wirtschafts- und finanzpolitische Koordinierung in der EU – Erfahrungen aus einem Jahrzehnt Politikkoordinierung [Public policy coordination in the EU - experiences from one decade of policy coordi," MPRA Paper 29281, University Library of Munich, Germany.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:niesru:v:183:y:2003:i:1:p:66-77. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: https://edirc.repec.org/data/niesruk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.