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Economic policy coordination in the European Union

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

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Identification Number: 10.1177/0027950103183001462


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
Official URL:
Additional Information: © National Institute of Economic and Social Research 2003
Divisions: European Institute
Subjects: H Social Sciences > HC Economic History and Conditions
Date Deposited: 09 Oct 2008 10:26
Last Modified: 20 Feb 2021 01:44

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