Eu Fiscal Policy Coordination in Hard Times: Free Riders on the Storm

What happens to European Union (EU) fiscal policy coordination in hard times? Recent accounts of the EU have portrayed the union as plagued by an austerity regime and rampant moral hazard. Charlotte Rommerskirchen provides an alternative account of economic cooperation in Europe during the
Great Recession and the European Debt Crisis. Drawing on Mancur Olson's theory of collective action, this volume combines evidence from statistical analysis and extensive interviews with key players. This book reaches an unexpected conclusion regarding the state of collective action in times of
crises: Free riding was not rife. Despite heated accusations, member states crisis policies matched their fiscal room for maneuver. The real collective action failure is instead diagnosed in the inability to sanction free riders at the EU level and empowering erratic bond markets to discipline
governments.


Author: Charlotte Rommerskirchen
Publisher: Oxford University Press, USA
Published: 04/14/2019
Pages: 240
Binding Type: Hardcover
Weight: 1.15lbs
Size: 9.30h x 6.00w x 0.80d
ISBN: 9780198829010

About the Author

Charlotte Rommerskirchen, Lecturer in International Political Economy, University of Edinburgh

Charlotte Rommerskirchen is a Lecturer in International Political Economy at the University of Edinburgh. She has published widely in distinguished scholarly journals including the Socio-Economic Review, European Journal for Political Research, New Political Economy, and West European Politics.