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Domestic Budgets in a United Europe

Domestic Budgets in a United Europe
Author: Mark Hallerberg
Publisher: Cornell University Press
Total Pages: 268
Release: 2004
Genre: Business & Economics
ISBN: 9780801442711

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Under European Monetary Union, member states lose the ability to steer their economies by manipulating monetary policy. Domestic Budgets in a United Europe, which explains the content, evolution, and effectiveness of fiscal institutions, will be the definitive account of European budget reform in the late twentieth century.Mark Hallerberg examines the making of budgets in EU countries from 1973 to 2000 and explores why those countries introduced fiscal rules when they did. In 1993, when the fiscal-policy criteria for monetary union were first announced, only Luxembourg and the Republic of Ireland would have qualified. In 1997, only Greece failed. Various explanations have been advanced for this rapid turnaround, including luck (a favorable economic climate reduced pressures on local budgets), accounting tricks, and the increasing pressures caused by international capital mobility. Underlying these various explanations is a basic skepticism about whether countries in the European Union actively worked to reform their national budgeting procedures. In rich case studies, Hallerberg shows that the member-states did indeed reform their budget institutions. Many of them, he finds, had started that process long before the formal signing of the Maastricht Treaty of 1991, making domestic changes that allowed them to qualify individually under EMU criteria.


Fiscal Governance in Europe

Fiscal Governance in Europe
Author: Mark Hallerberg
Publisher: Cambridge University Press
Total Pages: 235
Release: 2009-03-16
Genre: Political Science
ISBN: 1139476270

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This book presents a theoretical framework to discuss how governments coordinate budgeting decisions. There are two modes of fiscal governance conducive to greater fiscal discipline, a mode of delegation and a mode of contracts. These modes contrast with a fiefdom form of governance, in which the decision-making process is decentralized. An important insight is that the effectiveness of a given form of fiscal governance depends crucially upon the underlying political system. Delegation functions well when there are few, or no, ideological differences among government parties, whereas contracts are effective when there are many such differences. Empirically, delegation and contract states perform better than fiefdom states if they match the underlying political system. Additional chapters consider why countries have the fiscal institutions that they do, fiscal governance in Central and Eastern Europe, and the role of such institutions in the European Union.


The Elgar Companion to the European Union

The Elgar Companion to the European Union
Author: Samuel B.H. Faure
Publisher: Edward Elgar Publishing
Total Pages: 389
Release: 2023-01-20
Genre: Political Science
ISBN: 1800883439

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Constituting a major contribution to literature on the EU, this comprehensive Companion analyses the structure and value of the EU, capturing the normality of its politics alongside crises and political breakdown.


Enlarging the Euro Area

Enlarging the Euro Area
Author: Kenneth Dyson
Publisher: Oxford University Press, USA
Total Pages: 395
Release: 2006-11-02
Genre: Business & Economics
ISBN: 0199277672

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This book seeks to offer the first in-depth and systematic analysis of the challenges of the Euro Area and the eastward enlargement of the European Union. It focuses in particular on how the prolonged process of accession to the Euro Area is affecting domestic economic policies in the accession states of east central Europe.It contributes to Europeanization studies, comparative political economy and to studies of Economic and Monetary Union. It also provides a picture of processes of domestic transformation in such countries as the three Baltic States, Bulgaria, the Czech Republic, Hungary, Poland and Romania.The book brings together a range of recognized experts from across Europe and combines country and sectoral case studies with a thematic treatment. It begins by offering an 'outside-in' perspective, which situates the effects of EMU on the accession states in the wider context of the development of global economic norms. The second part focuses on an 'inside-out' analysis of how Euro Area accession affects the states of east central Europe - their policies, politics and public institutions. Thefinal part assesses how Euro Area accession is affecting key policy sectors in east central Europe: financial market regulation, fiscal policies and welfare states and labour markets.


EU Fiscal Policy Coordination in Hard Times

EU Fiscal Policy Coordination in Hard Times
Author: Charlotte Rommerskirchen
Publisher: Oxford University Press
Total Pages: 256
Release: 2019-01-28
Genre: Political Science
ISBN: 0192564218

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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 Rommerskirchen provides an alternative account of economic cooperation in Europe during the Great Recession and the European Debt Crisis. Drawing on Mancur Olson's theory of collective action, this volume combines evidence from statistical analysis and extensive interviews with key players. This book reaches an unexpected conclusion regarding the state of collective action in times of crises: Free riding was not rife. Despite heated accusations, member states crisis policies matched their fiscal room for manoeuvre. The real collective action failure is instead diagnosed in the inability to sanction free riders at the EU level and empowering erratic bond markets to discipline governments.


Political and Economic Dynamics of the Eurozone Crisis

Political and Economic Dynamics of the Eurozone Crisis
Author: James A. Caporaso
Publisher: Oxford University Press
Total Pages: 277
Release: 2016-02-25
Genre: Political Science
ISBN: 0191072389

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This is the first book to provide a full and dispassionate account of the politics and economics of the Eurozone crisis, focusing on the interlinked origins and impacts of the Euro-Zone crisis and the policy responses to it. The book is distinguished from existing research by its avoidance (and rejection) of the too-often simplistic analysis that has characterized political, media and regrettably some academic coverage, and by its attempt to escape from the tyranny of day-to-day events and short-term developments. Each of the contributors identifies an important question and undertakes a careful empirical, theoretically-informed analysis that produces novel perspectives. Together they seek to balance many of the existing accounts that have rushed to sometimes unwarranted conclusions, concerning, for example, the locus of institutional power in European crisis-management; the power and centrality of particular member states, notably Germany which has been attributed with 'hegemonic' status; the supposed entrapment of EU policy makers by an 'austerity ideology'; and the deep flaws that apparently afflict the solutions to the crisis put painstakingly in place, such as Banking Union. While it will be some time before the EU can put the crisis behind it, and the dust finally settles on the revised institutional system that emerges, The Political and Economic Dynamics of the Eurozone Crisis marks an important step towards a considered, reflective analysis of the tumultuous events and developments of the crisis period.


Comparative Public Budgeting

Comparative Public Budgeting
Author: George M. Guess
Publisher: Cambridge University Press
Total Pages: 287
Release: 2021-01-07
Genre: Law
ISBN: 1107198291

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This analysis of budgetary systems and policies across the world examines how politics, culture, and economics influence public finance.


The Future of EMU

The Future of EMU
Author: L. Talani
Publisher: Springer
Total Pages: 225
Release: 2009-01-15
Genre: Political Science
ISBN: 0230233899

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As European integration continues, the future of EMU becomes ever more important. Can EMU help create an integrated European community, or will it prove a hindrance to the EU project? This book brings together the experts in the area to provide an interdisciplinary perspective on the issues expected to face EMU over the next few decades.


Comparative Studies of Policy Agendas

Comparative Studies of Policy Agendas
Author: Frank R. Baumgartner
Publisher: Routledge
Total Pages: 188
Release: 2013-09-13
Genre: Political Science
ISBN: 1317996968

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Previously published as a special issue of the Journal of European Public Policy, this book draws on the insights of the existing literature on agenda setting and policy changes to explore the dynamics of attention allocation and its consequences. Attention is a crucial variable in understanding modern politics. Shifts in attention have dramatic consequences for both politics and policy decisions. This volume includes case studies of nine different political systems including the US, Canada, several European systems, and the EU itself. It asks the following questions: Which are the dynamics of agenda-setting in the EU? Which role do political parties play in attention allocation? What are the cross national differences in attention to health care? What role does science and expertise play in attention-allocation? What are the effects of political institutions? Comparative Studies of Policy Agendas will be of interest to students and scholars of policy analysis and public policy.


The A to Z of the European Union

The A to Z of the European Union
Author: Joaquín Roy
Publisher: Scarecrow Press
Total Pages: 342
Release: 2009-09-17
Genre: History
ISBN: 0810870320

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Over half a century old and continuing to grow in strength and authority, the European Union consists of 25 member states_with more on the waiting list_and a population of 450 million people. Its influence in foreign and domestic affairs and human rights and law reaches far beyond its earlier fields of trade and politics. From the initial ideas about integration leading to the Treaty of Paris and the creation of the European Coal and Steel Community to the current reflection on the Treaty establishing a Constitution for Europe, The A to Z of the European Union encompasses the most basic elements of the EU and the components that have emerged as a result of them. Through the use of maps, photographs, a chronology, an introductory essay, a bibliography, and hundreds of cross-referenced dictionary entries on topics such as leaders, personalities, institutions, enlargements, member states, internal policies, external relations, basic theories, treaties, and law, this dictionary tells a clear and complete story about the European Union that will assist those with greater interest in understanding it.