Title Fiscal policy without a state in EMU? : Germany, the stability and growth pact and policy coordination / Jani Kaarlejärvi

Published Basingstoke, Hampshire [England] ; New York : Palgrave Macmillan, 2007

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Description 1 online resource (xv, 294 pages) : illustrations Contents PART I: GERMANY, THE STABILITY AND GROWTH PACT AND POLICY COORDINATION ON THE POLITICAL AND ECONOMIC AGENDA IN EUROPE -- The Europeanisation of Fiscal Policy Coordination -- PART II: FISCAL POLICY COORDINATION UNDER THE STABILITY AND GROWTH PACT IN ECONOMIC AND MONETARY UNION -- The Institutional System of Fiscal Policy Coordination -- The German Dynamics of Uploading the Stability Pact -- Downloading the Stability Pact in Germany -- Reuploading Fiscal Policy Coordination in EMU -- PART III: GERMANY AND THE STABILITY AND GROWTH PACT: INSTITUTIONAL CAPACITY FOR EFFECTIVE FISCAL POLICY COORDINATION IN EMU -- Reviewing the Institutional System of Fiscal Policy Coordination -- Challenging the Existing Understanding of Europeanisation in the Study of Germany, the Stability and Growth Pact and Policy Coordination Summary This book shows that, in the process of Europeanisation, national interests have had a major impact on the formation (uploading) of fiscal policy coordination. It also shows how European fiscal policy coordination has affected national fiscal policies and policy implementation (downloading) in EMU, and how changes in national interests have finally launched the reform process of the original Stability Pact (reuploading), a new phase of Europeanisation. The book demonstrates how the EMU process, originating in the Maastricht Treaty, created a new role for national economic policy with the transfer of monetary authority to an independent European Central Bank. In these circumstances, the second element of economic policy - fiscal policy (including budgetary policy, public finances, taxation and employment policy) - has become a significant instrument in effectively adapting national economies to cyclical global and European environments. However, the credibility of fiscal policy coordination under the Stability Pact has, to say the least, been controversial in EMU Notes Based on the author's doctoral dissertation at University of Sheffield in Britain Bibliography Includes bibliographical references (pages 262-288) and index Notes English Print version record Subject Fiscal policy -- Germany Fiscal policy -- European Union countries Eurozone. POLITICAL SCIENCE -- Economic Conditions. BUSINESS & ECONOMICS -- Economics -- Macroeconomics. Eurozone Fiscal policy International economic integration SUBJECT Europe -- Economic integration. http://id.loc.gov/authorities/subjects/sh85045678 Subject Europe European Union countries Germany Form Electronic book ISBN 9780230590106 0230590101 9786611780364 661178036X

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