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The Europeanisation of Fiscal Policy Coordination

In: Fiscal Policy without a State in EMU?

Author

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  • Jani Kaarlejärvi

Abstract

Fiscal policy in Economic and Monetary Union (EMU) and its successful coordination are largely unsolved issues. That is why this study provides an understanding of the institutional dynamic of European fiscal policy coordination. It focuses on fiscal policy coordination, the implementation of the Stability and Growth Pact (SGP) in Germany and German national adjustments. Fiscal policy coordination in this study refers to the political and economic power of the institutions of the European Union (EU) to set formal and informal fiscal constraints for the national economies of the Member States within which they have to implement their national fiscal policies.1 National adjustments mean those domestic economic, institutional, political and cultural mechanisms of national policy-making through which the Member States have tried to adjust their national economies to increasing fiscal policy coordination.

Suggested Citation

  • Jani Kaarlejärvi, 2007. "The Europeanisation of Fiscal Policy Coordination," Palgrave Macmillan Books, in: Fiscal Policy without a State in EMU?, chapter 1, pages 3-20, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-59010-6_1
    DOI: 10.1057/9780230590106_1
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