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Challenging the Existing Understanding of Europeanisation in the Study of Germany, the Stability and Growth Pact and Policy Coordination

Jani Kaarlejärvi

Chapter 7 in Fiscal Policy without a State in EMU?, 2007, pp 209-234 from Palgrave Macmillan

Abstract: Abstract The key focus of this politico-economic research has been directed to European fiscal policy coordination, the implementation of the Stability and Growth Pact in Germany and German national adjustments in EMU. The primary objective has been to examine how and to what extent the formation of the Stability and Growth Pact has affected the implementation of German national fiscal policy in EMU. Europeanisation has been a useful and applicable concept in examining the extent to which EU institutions have mattered and affected German national economic policy-making as well as national policy responses in the EMU era. This research has clearly demonstrated that German national economic policy-making and national policy responses have also had a major impact on the role and functioning of EU institutions: the two-way relationship between EU institutions and Member States has been significant in fiscal policy coordination.

Keywords: Member State; Monetary Policy; Fiscal Policy; Euro Area; Policy Coordination (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-59010-6_7

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DOI: 10.1057/9780230590106_7

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