The so-called Constitutional Treaty (CT) of the EU, currently in the middle of the ratification process, is seen by its advocates as a major step for the advancement of European integration, conciliating simultaneously a democratic deepening, a more efficient decision- making process in the EU, and a clearer definition of the aims and founding principles of the EU. Given the successful establishment of the Euro, the EU is facing new challenges in terms of macroeconomic policies. The Treaty tackles this issue. The present paper offers a preliminary assessment of what is achieved and concludes that the new framework represents a limited but clear progress for macroeconomic coordination and integration and offers scope for further changes. It also comments on the implicit version of fiscal federalism present in the Treaty.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Publisher Info
Paper provided by Department of Economics University of Milan Italy in its series Departemental Working Papers with number
2006-05.
Find related papers by JEL classification: H77 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Intergovernmental Relations; Federalism E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
This paper has been announced in the following NEP Reports:
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
Ping He & Lixin Huang & Randall Wright, 2005.
"Money And Banking In Search Equilibrium,"
International Economic Review,
Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 46(2), pages 637-670, 05.
[Downloadable!] (restricted)
Russell Cooper & Hubert Kempf, 2003.
"Commitment and the Adoption of a Common Currency,"
International Economic Review,
Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 44(1), pages 119-142, February.
[Downloadable!] (restricted)