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    Economic policy coordination in the European Union

    Begg, I. and Hodson, Dermot and Maher, I. (2003) Economic policy coordination in the European Union. National Institute Economic Review 183 (1), pp. 66-77. ISSN 0027-9501.

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    There are differing views about the need for economic policy coordination in the EU and about the adequacy of the system that has evolved under EMU. This article examines the case for such policy coordination, then describes and assesses the current arrangements for both ‘hard’ coordination - epitomised by the much-maligned Stability and Growth Pact (SGP) - and the ‘soft’ forms of coordination that have evolved in the EU to complement formal rules. Although the system achieves more than is sometimes recognised, it is shown to have weaknesses. Options for reforming the SGP and other facets of the system are discussed.


    Item Type: Article
    School: School of Social Sciences, History and Philosophy > Politics
    Depositing User: Sarah Hall
    Date Deposited: 10 Oct 2017 08:35
    Last Modified: 16 Jan 2020 11:58


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