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Social and Fiscal Dumping in the European Monetary Union

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Abstract

The increasing European integration, especially following the introduction of the single currency, can have an impact on competition among fiscal jurisdictions, as evidenced by the two problems of social and fiscal dumping. The purpose of this paper is to critically analyse and assess both the actual extent of these two problems and the solutions proposed by the EU, aimed at some forms of supra-national co-ordination of social and fiscal policies. Given the centralisation of monetary policy, these co-ordination measures have to be considered with particular caution, risking to impose excessive rigidities on the European system.

Suggested Citation

  • Talamona , Mario & Legrenzi , Gabriella, 2001. "Social and Fiscal Dumping in the European Monetary Union," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 54(2), pages 235-249.
    • Handle: RePEc:ris:ecoint:0220
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    More about this item

    Keywords

    Social dumping; fiscal dumping; European integration;
    All these keywords.

    JEL classification:

    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission

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