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Theorizing Fiscal Policy Coordination

Charlotte Rommerskirchen

in EU Fiscal Policy Coordination in Hard Times: Free Riders on the Storm

Published in print:
2019
Published Online:
March 2019
ISBN:
9780198829010
eISBN:
9780191867446
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198829010.003.0003
Subject:
Political Science, Political Economy

Fiscal policy coordination is marred by a classic collective action problem; it pays to be egoistical. Member states have an incentive to under- or over-stimulate their economies (what this chapter ... More


Free Riding Beyond Hard Times

Charlotte Rommerskirchen

in EU Fiscal Policy Coordination in Hard Times: Free Riders on the Storm

Published in print:
2019
Published Online:
March 2019
ISBN:
9780198829010
eISBN:
9780191867446
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198829010.003.0009
Subject:
Political Science, Political Economy

Looking ahead, the legacy of the crisis years shapes fiscal policy coordination. The two main aspects of change considered in this chapter are purview and pliancy. First, fiscal policy has ceased to ... More


Introduction

Charlotte Rommerskirchen

in EU Fiscal Policy Coordination in Hard Times: Free Riders on the Storm

Published in print:
2019
Published Online:
March 2019
ISBN:
9780198829010
eISBN:
9780191867446
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198829010.003.0001
Subject:
Political Science, Political Economy

The economic and financial fallout of the Great Recession upended the belief that advanced economies enjoyed some kind of superior inoculation against deep crises. It presented EU states with the ... More


Fiscal Policy Coordination: A Primer

Charlotte Rommerskirchen

in EU Fiscal Policy Coordination in Hard Times: Free Riders on the Storm

Published in print:
2019
Published Online:
March 2019
ISBN:
9780198829010
eISBN:
9780191867446
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198829010.003.0002
Subject:
Political Science, Political Economy

This chapter sets the scene for this study by providing historical context and introducing the key aspects, processes, and players of fiscal policy coordination. In so doing it charts key ... More


Beggar-Thy-Neighbors

Charlotte Rommerskirchen

in EU Fiscal Policy Coordination in Hard Times: Free Riders on the Storm

Published in print:
2019
Published Online:
March 2019
ISBN:
9780198829010
eISBN:
9780191867446
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198829010.003.0005
Subject:
Political Science, Political Economy

Diverse groups are a hotbed for free riders. This chapter thus tests whether fiscal policy coordination was marred by collective action failure. The central claim of this chapter is that accusations ... More


EU Fiscal Policy Coordination in Hard Times: Free Riders on the Storm

Charlotte Rommerskirchen

Published in print:
2019
Published Online:
March 2019
ISBN:
9780198829010
eISBN:
9780191867446
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198829010.001.0001
Subject:
Political Science, Political Economy

What happens to European Union (EU) fiscal policy coordination in hard times? Recent accounts of the EU have portrayed the Union as plagued by an austerity regime and rampant moral hazard. Charlotte ... More


The Crises and the Global Economy

Y.V. Reddy, Narayan Valluri, and Partha Ray

in Financial and Fiscal Policies: Crises and New Realities

Published in print:
2014
Published Online:
November 2014
ISBN:
9780199452651
eISBN:
9780199084524
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199452651.003.0005
Subject:
Economics and Finance, Financial Economics

In the backdrop of economic trends during 2000–6, this chapter gives a synoptic account of the global economic developments during 2007–13. This seven-year period 2007–13 witnessed various crises—the ... More


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