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Le projet de Constitution européenne et la coordination des politiques économiques

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  • Jérôme Creel

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

Abstract

The Draft Constitution was rejected in December 2003 for political reasons and without any discussion on its economic policies' contents. No reform proposal on the design of fiscal policies in the EU was even mentioned, nor reform proposal of the statutes of the ESCB. Hence, the Stability and Growth Pact remains the cornerstone of European fiscal policies. Unfortunately, not enforced, it lacks credibility. In the paper, the institutional framework of European fiscal policies is thoroughly discussed. The Draft status quo is given a critical assessment. The article then turns towards the advantages of a better coordination of economic policies, be they only fiscal or monetary and fiscal policies. Last, the "golden rule of public finances" is showed to incorporate properties which might make up for the absence of "ex ante coordination" within the EU.

Suggested Citation

  • Jérôme Creel, 2004. "Le projet de Constitution européenne et la coordination des politiques économiques," Post-Print hal-03458725, HAL.
    • Handle: RePEc:hal:journl:hal-03458725
    DOI: 10.3917/reof.088.0119
    Note: View the original document on HAL open archive server: https://sciencespo.hal.science/hal-03458725
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    References listed on IDEAS

    as
    1. Fabrizio Balassone & Daniele Franco, 2000. "Public investment, the Stability Pact and the ‘golden rule’," Fiscal Studies, Institute for Fiscal Studies, vol. 21(2), pages 207-229, June.
    2. Michael Keith Anyadike-Danes, 1985. "Déficit budgétaire, solde extérieur et politique macroéconomique : un modèle simple appliqué à la France," Revue de l'OFCE, Programme National Persée, vol. 11(1), pages 153-175.
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    1. repec:hal:wpspec:info:hdl:2441/2500 is not listed on IDEAS
    2. Jean-Paul Fitoussi & Hélène Baudchon & Jérôme Creel & Jean-Luc Gaffard & Eloi Laurent & Jacques Le Cacheux & Patrick Musso & Michel Aglietta & Vladimir Borgy & Jean Chateau & Michel Juillard & Gilles , 2005. "Potential Growth in the EU : Prospects from Technical Progress and Eastern Enlargment," Working Papers hal-03458887, HAL.
    3. repec:spo:wpecon:info:hdl:2441/2500 is not listed on IDEAS
    4. repec:hal:spmain:info:hdl:2441/2500 is not listed on IDEAS
    5. Christian Saint-Etienne, 2005. "Finances publiques européennes : une réforme politiquement acceptable du Pacte de stabilité et de croissance," Revue d'Économie Financière, Programme National Persée, vol. 79(2), pages 333-348.

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