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Wirtschafts- und finanzpolitische Koordinierung in der EU – Erfahrungen aus einem Jahrzehnt Politikkoordinierung
[Public policy coordination in the EU - experiences from one decade of policy coordination]

Author

Listed:
  • Ebert, Werner
  • Eckardt, Martina

Abstract

The year 2010 showed how prone to crisis the Euro zone is. To a great extent this results from insufficient public policy coordination of EU member states’ public and fiscal policies. This paper discusses the main reform proposals related to fiscal, public and structural policy against the background of the underlying collective coordination problem. In addition it also considers the suggestions made for introducing a crisis mechanism. Although the main actors in the Euro zone seem to be aware of the problems of the existing coordination mechanisms, it is still doubtful whether the measures finally taken will be effective enough.

Suggested Citation

  • Ebert, Werner & Eckardt, Martina, 2011. "Wirtschafts- und finanzpolitische Koordinierung in der EU – Erfahrungen aus einem Jahrzehnt Politikkoordinierung
    [Public policy coordination in the EU - experiences from one decade of policy coordi
    ," MPRA Paper 29281, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:29281
    as

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    File URL: https://mpra.ub.uni-muenchen.de/29281/1/MPRA_paper_29281.pdf
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    References listed on IDEAS

    as
    1. Larch, Martin & Van den Noord, Paul & Jonung, Lars, 2010. "The stability and growth pact: lessons from the great recession," MPRA Paper 27900, University Library of Munich, Germany.
    2. Francis X. Diebold & Neil A. Doherty & Richard J. Herring, 2010. "Introduction," Introductory Chapters,in: The Known, the Unknown, and the Unknowable in Financial Risk Management: Measurement and Theory Advancing Practice Princeton University Press.
    3. Richard S. Grossman, 2010. "Introduction," Introductory Chapters,in: Unsettled Account: The Evolution of Banking in the Industrialized World since 1800 Princeton University Press.
    4. Xavier Debrun & Laurent Moulin & Alessandro Turrini & Joaquim Ayuso-i-Casals & Manmohan S. Kumar, 2008. "Tied to the mast? National fiscal rules in the European Union," Economic Policy, CEPR;CES;MSH, vol. 23, pages 297-362, April.
    5. Wolfgang Schäuble & Jürgen Stark & Clemens Fuest & Christian Fahrholz & Michael Eilfort & Verena Mertins, 2011. "EU-Rettungsschirm: Folgt der Einstieg in eine Transferunion?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 64(03), pages 03-20, February.
    6. Xavier Debrun, 2006. "Tying hands is not commitment: can fiscal rules and institutions really enhance fiscal discipline?," Working Papers 48, Bruegel.
    7. Iain Begg & Dermot Hodson & Imelda Maher, 2003. "Economic Policy Coordination in the European Union," National Institute Economic Review, National Institute of Economic and Social Research, vol. 183(1), pages 66-77, January.
    8. N. Lesca, 2010. "Introduction," Post-Print halshs-00640602, HAL.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    EU policy coordination; fiscal policy;

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination

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