Follow Us

Follow us on Twitter  Follow us on LinkedIn
 

10 September 2010

CEPS paper on fiscal policy coordination and competitiveness surveillance - what solutions to what problems?


Default: Change to:


Das Papier macht darauf aufmerksam, dass sich die Überwachung der Risiken der Wettbewerbsfähigkeit weitgehend auf die Symptome konzentriert (steigende Löhne in den nicht-handelbaren Sektor), sich jedoch weniger mit den Ursachen, wie dem kreditfinanzierten Wirtschaftswachstum beschäftigt.


The economic rationale for fiscal policy coordination (beyond the strict enforcement of the Stability and Growth Pact – SGP) seems to be weak during normal times. While it makes sense to coordinate the fiscal response of member states to the present crisis, it does not seem appropriate to develop new permanent mechanisms for the coordination of national fiscal policy.


© CEPS - Centre for European Policy Studies


< Next Previous >
Key
 Hover over the blue highlighted text to view the acronym meaning
Hover over these icons for more information



Add new comment