The European Union's Structures and Procedures for Macroeconomic Policy Coordination - Do They Amount to a Form of "Economic Government"?

Download The European Union's Structures and Procedures for Macroeconomic Policy Coordination - Do They Amount to a Form of

Author :
Publisher : GRIN Verlag
ISBN 13 : 364098370X
Total Pages : 20 pages
Book Rating : 4.6/5 (49 download)

DOWNLOAD NOW!


Book Synopsis The European Union's Structures and Procedures for Macroeconomic Policy Coordination - Do They Amount to a Form of "Economic Government"? by : Sara Buckow

Download or read book The European Union's Structures and Procedures for Macroeconomic Policy Coordination - Do They Amount to a Form of "Economic Government"? written by Sara Buckow and published by GRIN Verlag. This book was released on 2011-08-15 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essay aus dem Jahr 2010 im Fachbereich Politik - Internationale Politik - Thema: Europäische Union, University of Bath, Sprache: Deutsch, Abstract: “To become the most competitive and dynamic knowledge-based economy in the world, capable of sustainable economic growth with more and better jobs and greater social cohesion” was the main objective at the Lisbon European Council meeting in 2000 (European Commission, 2002). A decade later – in March 2010 – the Commission set a new strategic goal under the name “Europe 2020”. Achieving a “new economic policy coordination process” and again “smart, sustainable and inclusive growth” are the aims of this strategy announced by the Commission in 2010 (European Commission 2010). It becomes obvious that realising these goals requires harmonious coordination of macroeconomic policies. Therefore, this essay explores the different structures and procedures in place to coordinate the macroeconomic policy in the European Union (EU). It will focus upon fiscal and monetary policy-making as well as the Broad Economic Policy Guidelines and the Stability and Growth pact against the background of current debates. Identifying gaps in the policy-making processes will be the emphasis of the first part whereas the second part will be devoted to the exploring whether a form of “Economic Government” exists. This essay argues that the discrepancy between supranational monetary policy-making and national fiscal policy-making is an obstacle to the achievement of “Economic Government”. Due to increasing interdependence in form of institutions such as the Single Market and especially the introduction of the Economic and Monetary Union (EMU), coordination has become an imperative. In the view of the European Commission (2002), coordination of economic policies is highly desirable in order to “account for direct cross-border spillover effects of national policies on neighbouring countries”. For instance, policy decisions on a national level have an impact on the inflation and exchange rates, which in turn influences the European Central Bank’s (ECB) policy decision-making. Begg et al (2003) categorise arising expenses as social costs, as established fiscal policies become destructive to previously implemented guidelines and harm the stability of the overall coordination. Thus a coherent coordination system reduces social costs. [...]

Policy Coordination in a Monetary Union

Download Policy Coordination in a Monetary Union PDF Online Free

Author :
Publisher : Springer Science & Business Media
ISBN 13 : 3540247971
Total Pages : 284 pages
Book Rating : 4.5/5 (42 download)

DOWNLOAD NOW!


Book Synopsis Policy Coordination in a Monetary Union by : Michael Carlberg

Download or read book Policy Coordination in a Monetary Union written by Michael Carlberg and published by Springer Science & Business Media. This book was released on 2013-06-05 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive study of the international coordination of economic policy in a monetary union. It carefully discusses the process of policy competition and the structure of policy cooperation. As to policy competition, the focus is on competition between the union central bank, the German government, and the French government. Similarly, as to policy cooperation, the focus is on cooperation between the union central bank, the German government, and the French government. The key questions are: Does the process of policy competition lead to full employment and price stability? Can these targets be achieved through policy cooperation? And is policy cooperation superior to policy competition? Another important issue is monetary competition / monetary cooperation between Europe and America.

Macroeconomic Policy Coordination in EMU

Download Macroeconomic Policy Coordination in EMU PDF Online Free

Author :
Publisher : GRIN Verlag
ISBN 13 : 3668298351
Total Pages : 66 pages
Book Rating : 4.6/5 (682 download)

DOWNLOAD NOW!


Book Synopsis Macroeconomic Policy Coordination in EMU by : Theresa Petra Hauck

Download or read book Macroeconomic Policy Coordination in EMU written by Theresa Petra Hauck and published by GRIN Verlag. This book was released on 2016-09-14 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bachelor Thesis from the year 2016 in the subject Economics - Macro-economics, general, grade: 1,0, University of Bamberg, language: English, abstract: The financial crisis and the subsequent European sovereign debt crisis have highlighted the high degree of interdependence among EMU member states. The crisis period made much more clear that a macroeconomic policy coordination framework is indispensable as there is great sensibility and high risk for contagion effects. The structure of EMU in its highest level of integration as of one monetary authority vis-à-vis many fiscal authorities brings about several specific aspects regarding coordination. In order to achieve and ensure economic stability in such a unique constellation there have been established several measures and frameworks with the Stability and Growth Pact as the centre point. Designed on the grounds of and motivated by the objective of stabilising the overall economy, the pact promotes fiscal discipline through limiting government deficits and debts in order to prevent adverse fiscal spillover effects and freeriding behaviour of national fiscal authorities which could risk price and overall macroeconomic stability of the common currency area. This however brings about limitations for governments to discretionarily react to national economic needs and conditions. This bachelor thesis addresses the resulting tension between a theoretical and fundamental need for macroeconomic policy coordination in a monetary union environment and the politico-economic reality. The main goals are: to examine the main arguments in favour and against the pact under the areas of content, objectives and enforcement design; to highlight the resulting trade-offs; and to link these to developments and reforms of the pact but also to different economic contexts, namely the time period before and the time period during and after the crisis. The main finding is that reforms regarding macroeconomic policy coordination which were introduced after the beginning of the crisis period do not represent a rearrangement of the SGP framework and rather address the same debate on economic trade-offs only with a changed set of conditions. The reforms regarding the pact can be described as developments refocusing on the core of the pact while still shifting it in the directions of some propositions along with criticism which had been expressed long before the crisis period.

Economic Government of the EU

Download Economic Government of the EU PDF Online Free

Author :
Publisher : Springer
ISBN 13 : 023062572X
Total Pages : 267 pages
Book Rating : 4.2/5 (36 download)

DOWNLOAD NOW!


Book Synopsis Economic Government of the EU by : C. Meyer

Download or read book Economic Government of the EU written by C. Meyer and published by Springer. This book was released on 2007-01-05 with total page 267 pages. Available in PDF, EPUB and Kindle. Book excerpt: The creation of Monetary Union marked a major step in the evolution of the European Union. Is the EU now taking the next step of deeper integration towards a fully-fledged economic government? The book seeks to answer this question by studying the evolution, execution and performance of new modes of economic policy co-ordination as potential stepping-stones towards more institutionalized forms of economic governance.

One Market, One Money

Download One Market, One Money PDF Online Free

Author :
Publisher :
ISBN 13 : 9780198773245
Total Pages : 356 pages
Book Rating : 4.7/5 (732 download)

DOWNLOAD NOW!


Book Synopsis One Market, One Money by : Michael Emerson

Download or read book One Market, One Money written by Michael Emerson and published by . This book was released on 1992 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: The European Community is negotiating a new treaty to establish the constitutional foundations of an economic and monetary union in the course of the 1990s. This study provides the only comprehensive guide to the economic implications of economic and monetary union. The work of an economist inside the Commission of the European Community, it reflects the considerations influencing the design of the union. The study creates a unique bridge between the insights of modern economic analysis and the work of the policy makers preparing for economic and monetary union.

Coordination of Monetary and Fiscal Policies

Download Coordination of Monetary and Fiscal Policies PDF Online Free

Author :
Publisher : International Monetary Fund
ISBN 13 : 1451844239
Total Pages : 33 pages
Book Rating : 4.4/5 (518 download)

DOWNLOAD NOW!


Book Synopsis Coordination of Monetary and Fiscal Policies by : International Monetary Fund

Download or read book Coordination of Monetary and Fiscal Policies written by International Monetary Fund and published by International Monetary Fund. This book was released on 1998-03-01 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recently, monetary authorities have increasingly focused on implementing policies to ensure price stability and strengthen central bank independence. Simultaneously, in the fiscal area, market development has allowed public debt managers to focus more on cost minimization. This “divorce” of monetary and debt management functions in no way lessens the need for effective coordination of monetary and fiscal policy if overall economic performance is to be optimized and maintained in the long term. This paper analyzes these issues based on a review of the relevant literature and of country experiences from an institutional and operational perspective.

The European Union and National Macroeconomic Policy

Download The European Union and National Macroeconomic Policy PDF Online Free

Author :
Publisher : Psychology Press
ISBN 13 : 9780415141970
Total Pages : 228 pages
Book Rating : 4.1/5 (419 download)

DOWNLOAD NOW!


Book Synopsis The European Union and National Macroeconomic Policy by : James Forder

Download or read book The European Union and National Macroeconomic Policy written by James Forder and published by Psychology Press. This book was released on 1998 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: The European Union and National Macroeconomic Policy examines the way in which the European Union has affected autonomy in the macro-economic policy making of the member states.

Macroeconomic Policy Coordination in Europe

Download Macroeconomic Policy Coordination in Europe PDF Online Free

Author :
Publisher : SAGE Publications Limited
ISBN 13 :
Total Pages : 306 pages
Book Rating : 4.F/5 ( download)

DOWNLOAD NOW!


Book Synopsis Macroeconomic Policy Coordination in Europe by : Ray Barrell

Download or read book Macroeconomic Policy Coordination in Europe written by Ray Barrell and published by SAGE Publications Limited. This book was released on 1992 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is designed to contribute to this debate on monetary union in Europe by using large scale macroeconomic models of the world economy, including the OECD Interlink model and the widely used NiGEM model, to evaluate the EMU, the EMS and the floating exchange rate policies. Various modelling groups address the issues facing Europe and the implications for policy analysis.

Economic Policy-making in the European Union

Download Economic Policy-making in the European Union PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 262 pages
Book Rating : 4.F/5 ( download)

DOWNLOAD NOW!


Book Synopsis Economic Policy-making in the European Union by : European Commission. Group of Economic Analysis. Meeting

Download or read book Economic Policy-making in the European Union written by European Commission. Group of Economic Analysis. Meeting and published by . This book was released on 2003 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication contains the proceedings of the first four meeting of the European Commission's Group of Economic Analysis, held between December 2001 and January 2003. This Group includes 25 of the top EU and non-EU economists, which are brought together three to four times a year to discuss key economic issues in Europe. The discussions relate to: policies to raise EU growth potential; economic policy co-ordination and fiscal discipline; industrial policy in an enlarged Europe; and corporate governance.

Policy-making in the European Union

Download Policy-making in the European Union PDF Online Free

Author :
Publisher : Oxford University Press, USA
ISBN 13 : 0199689679
Total Pages : 613 pages
Book Rating : 4.1/5 (996 download)

DOWNLOAD NOW!


Book Synopsis Policy-making in the European Union by : Helen Wallace

Download or read book Policy-making in the European Union written by Helen Wallace and published by Oxford University Press, USA. This book was released on 2015 with total page 613 pages. Available in PDF, EPUB and Kindle. Book excerpt: Uniquely authoritative and comprehensive, this text provides expert insight into EU policy, exploring the modes, mechanisms, substance, and implementation of EU policy-making .

States, Debt, and Power

Download States, Debt, and Power PDF Online Free

Author :
Publisher : OUP Oxford
ISBN 13 : 0191023477
Total Pages : 600 pages
Book Rating : 4.1/5 (91 download)

DOWNLOAD NOW!


Book Synopsis States, Debt, and Power by : Kenneth Dyson

Download or read book States, Debt, and Power written by Kenneth Dyson and published by OUP Oxford. This book was released on 2014-06-19 with total page 600 pages. Available in PDF, EPUB and Kindle. Book excerpt: States, Debt, and Power argues for the importance of situating our contextually influenced thinking about European states and debt within a commitment to historically informed and critical analysis. It teases out certain broad historical patterns. The book also examines the inescapably difficult and contentious judgements about 'bad' and 'good' debt; about what constitutes sustainable debt; and about distributive justice at times of sovereign debt crisis. These judgements offer insight into the nature of power and the contingent nature of sovereign creditworthiness. Three themes weave through the book: the significance of creditor-debtor state relations in defining asymmetry of power; the context-specific and constructed character of debt, above all in relation to war; and the limitations of formal economic reasoning in the face of radical uncertainty. Part I examines case studies from Ancient Greece to the modern Euro Area and brings together a wealth of historical data that cast fresh light on how sovereign debt problems are debated and addressed. Part II looks at the conditioning and constraining framework of law, culture, and ideology and their relationship to the use of policy instruments. Part III shows how the problems of matching the assumption of liability with the exercise of control are rooted in external trade and financial imbalances and external debt; in financial markets and vulnerability to banking crisis; in the character of the 'private governance of public debt'; in who has power over indicators of sustainability; in domestic institutional and political arrangements; and in sub-national fiscal governance. Part IV looks at how the problems of mismatch between liability and control take on an acute form within the historical context of European monetary union, above all in Euro Area debt crises.

Macroeconomic Policies in the World Economy

Download Macroeconomic Policies in the World Economy PDF Online Free

Author :
Publisher : Springer Science & Business Media
ISBN 13 : 9783540219170
Total Pages : 364 pages
Book Rating : 4.2/5 (191 download)

DOWNLOAD NOW!


Book Synopsis Macroeconomic Policies in the World Economy by : Horst Siebert

Download or read book Macroeconomic Policies in the World Economy written by Horst Siebert and published by Springer Science & Business Media. This book was released on 2004-08-02 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt: The integration of goods and financial markets has progressed on a global scale in recent years. Thus, the cyclical patterns in the world economy may have changed too. Against this background, experts in international economics analyze the synchronization of business cycles and their volatility in this book. Is there an European business cycle? What is the role of multinational corporations and monetary policy in transmitting business cycles? Further, they discuss the need and feasibility of internationally coordinating monetary and exchange rate policies and the quantitative effects of tax competition.

Social policy in the European Union: state of play 2015

Download Social policy in the European Union: state of play 2015 PDF Online Free

Author :
Publisher : ETUI
ISBN 13 : 2874523747
Total Pages : 298 pages
Book Rating : 4.8/5 (745 download)

DOWNLOAD NOW!


Book Synopsis Social policy in the European Union: state of play 2015 by : David Natali (OSE)

Download or read book Social policy in the European Union: state of play 2015 written by David Natali (OSE) and published by ETUI. This book was released on 2015-09-23 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: The sixteenth edition of Social policy in the European Union: state of play has a triple ambition. First, it provides easily accessible information to a wide audience about recent developments in both EU and domestic social policymaking. Second, the volume provides a more analytical reading, embedding the key developments of the year 2014 in the most recent academic discourses. Third, the forward-looking perspective of the book aims to provide stakeholders and policymakers with specific tools that allow them to discern new opportunities to influence policymaking. In this 2015 edition of Social policy in the European Union: state of play, the authors tackle the topics of the state of EU politics after the parliamentary elections, the socialisation of the European Semester, methods of political protest, the Juncker investment plan, the EU’s contradictory education investment, the EU’s contested influence on national healthcare reforms, and the neoliberal Trojan Horse of the Transatlantic Trade and Investment Partnership (TTIP).

The future of economic governance in the EU

Download The future of economic governance in the EU PDF Online Free

Author :
Publisher : The Stationery Office
ISBN 13 : 9780108473241
Total Pages : 196 pages
Book Rating : 4.4/5 (732 download)

DOWNLOAD NOW!


Book Synopsis The future of economic governance in the EU by : Great Britain: Parliament: House of Lords: European Union Committee

Download or read book The future of economic governance in the EU written by Great Britain: Parliament: House of Lords: European Union Committee and published by The Stationery Office. This book was released on 2011-03-28 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inquiry conducted by Sub-committee A (Economic and Financial Affairs, and International Trade)

A European Central Bank Standing Guard over a European Currency Union

Download A European Central Bank Standing Guard over a European Currency Union PDF Online Free

Author :
Publisher : Kluwer Law International B.V.
ISBN 13 : 9403521589
Total Pages : 346 pages
Book Rating : 4.4/5 (35 download)

DOWNLOAD NOW!


Book Synopsis A European Central Bank Standing Guard over a European Currency Union by : Jan Meyers

Download or read book A European Central Bank Standing Guard over a European Currency Union written by Jan Meyers and published by Kluwer Law International B.V.. This book was released on 2024-04-26 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this year of the euro’s 25th anniversary, the book revisits the architecture of the European currency union as it continues to evolve and faces today’s concurrent challenges posed by its members’ high and diverging government debt levels, debt sustainability concerns, and the considerable public expenditures, investments and reforms needed in particular to address climate change and the green transition. Key components reviewed include the single monetary policy for the eurozone; the common rules and processes for keeping a measure of discipline and orderliness in the members’ economic and budgetary policies; the containment of financial fragmentation within the eurozone; and stability support for members under financial stress. The book focuses on the central role of the European Central Bank (ECB) and considers such issues as: how the ECB has defined its monetary policy mandate and calibrated its actions within the matrix of broadly worded objectives and constraints set by the EU Treaties; the possible tensions and trade-offs between the ECB’s primary mission of inflation control and the episodic need to avert risks to financial stability, contain financial fragmentation and preserve the cohesion of the European currency union; the difficulties of a single monetary policy interacting with the relative heterogeneity of economic characteristics and national fiscal policies across the eurozone; the ECB’s possible role in supporting the transition to a lower-carbon economy; and how judicial review by the European Court of Justice has to contend with the complexities and inherent uncertainties of monetary analysis and the ECB’s need of a broad margin of policy judgment. As part of the EU’s incomplete economic and monetary union, the currency union remains a work in progress. The challenges and choices at hand present serious legal questions that cannot be viewed in isolation from the economic and political issues—a kind of 3D combination puzzle to be solved.

Global Trends 2040

Download Global Trends 2040 PDF Online Free

Author :
Publisher : Cosimo Reports
ISBN 13 : 9781646794973
Total Pages : 158 pages
Book Rating : 4.7/5 (949 download)

DOWNLOAD NOW!


Book Synopsis Global Trends 2040 by : National Intelligence Council

Download or read book Global Trends 2040 written by National Intelligence Council and published by Cosimo Reports. This book was released on 2021-03 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.

EU Law of Economic & Monetary Union

Download EU Law of Economic & Monetary Union PDF Online Free

Author :
Publisher : Oxford University Press
ISBN 13 : 019251248X
Total Pages : 1808 pages
Book Rating : 4.1/5 (925 download)

DOWNLOAD NOW!


Book Synopsis EU Law of Economic & Monetary Union by : Fabian Amtenbrink

Download or read book EU Law of Economic & Monetary Union written by Fabian Amtenbrink and published by Oxford University Press. This book was released on 2020-05-21 with total page 1808 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presenting a sweeping analysis of the legal foundations, institutions, and substantive legal issues in EU monetary integration, The EU Law of Economic and Monetary Union serves as an authoritative reference on the legal framework of European economic and monetary union. The book opens by setting out the broader contexts for the European project - historical, economic, political, and regarding the international framework. It goes on to examine the constitutional architecture of EMU; the main institutions and their legal powers; the core legal provisions of monetary and economic union; and the relationship of EMU with EU financial market and banking regulation. The concluding section analyses the current EMU crisis and the main avenues of future reform.