IDEAS home Printed from
   My bibliography  Save this article

Le projet de Constitution européenne et la coordination des politiques économiques


  • Jérôme Creel


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," Revue de l'OFCE, Presses de Sciences-Po, vol. 88(1), pages 119-150.
  • Handle: RePEc:cai:reofsp:reof_088_0119

    Download full text from publisher

    File URL:
    Download Restriction: free

    File URL:
    Download Restriction: free

    Other versions of this item:

    References listed on IDEAS

    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.
    Full references (including those not matched with items on IDEAS)


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

    Cited by:

    1. 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," Sciences Po publications info:hdl:2441/2500, Sciences Po.
    2. 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.

    More about this item


    Access and download statistics


    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:cai:reofsp:reof_088_0119. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jean-Baptiste de Vathaire). General contact details of provider: .

    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.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.