Koordinace hospodářské politiky zemí EU a její meze

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Title:Koordinace hospodářské politiky zemí EU a její meze
Creators:
Urban, Luděk
Journal or Publication Title:
AUCO Czech Economic Review, 1, 2, pp. 196-218
Uncontrolled Keywords:monetary policy, fiscal policy, coordination of economic policies

Abstract

The coordination of the economic policies of the EU Member countries started in the early 90´ s has become a permanent feature of the European integration process. Gradually a rather complicated mechanism has evolved aiming to combine and complement policies pursued at EU level with policies conducted at Member countries level. In the paper the legal framework of the economic policy coordination is presented, main instruments and methods described and assessed. Among the instruments discussed attention is paid to the Main Economic Policy Guidelines, Employment Guidelines, Cardiff process, Cologne process, Lisbon process and the Stability and Growth Pact. All these instruments have something in common: they are based on consensus and include recommendations to the Member states, which, however, cannot be enforced, except for the fiscal policy framework. The Stability and Growth Pact is the only instrument making it legally possible putting sanctions against a non-complying country, non-respecting the rules of the Pact. As yet the Community does not possess any mechanism securing that the Member countries follow the recommended reforms. The main contribution of the economic policy coordination can be found in that it supports the mutual learning process.

Official URL: http://www.ceeol.com/aspx/issuedetails.aspx?issueid=589A24B7-D005-49C5-93EF-8782D73A778F&articleid=15BDB905-20EF-4CA0-BA8E-165802760893

Title:Koordinace hospodářské politiky zemí EU a její meze
Translated title:The Coordination of the Economic Policies of the EU Member countries and its limitations
Creators:
Urban, Luděk
Uncontrolled Keywords:monetary policy, fiscal policy, coordination of economic policies
Subjects:H Social Sciences > HB Economic Theory
H Social Sciences > HG Finance
H Social Sciences > HF Commerce
Divisions:Section of external journals > AUCO Czech Economic Review
Journal or Publication Title:AUCO Czech Economic Review
Volume:1
Number:2
Page Range:pp. 196-218
ISSN:1802-4696
Publisher:Charles University
Related URLs:
URLURL Type
http://auco.cuni.czPublisher
http://avi.lib.cas.cz/node/183Publisher
ID Code:4306
Item Type:Article
Deposited On:01 Jun 2009 18:32
Last Modified:01 Jun 2009 16:32

Citation

Urban, Luděk (2007) Koordinace hospodářské politiky zemí EU a její meze. AUCO Czech Economic Review, 1 (2). pp. 196-218. ISSN 1802-4696

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