European economic integration in times of crisis: a case of neofunctionalism?
In: Journal of European public policy, Band 22, Heft 2, S. 196-218
ISSN: 1466-4429
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In: Journal of European public policy, Band 22, Heft 2, S. 196-218
ISSN: 1466-4429
In: Journal of European public policy, Band 22, Heft 2, S. 196-218
ISSN: 1350-1763
World Affairs Online
In: European Journal of Political Economy, Band 34, S. 1-17
In: European journal of political economy, Band 34, S. 1-17
ISSN: 1873-5703
We test whether the two key EU and euro area economic governance pillars, the Stability and Growth Pact and the Lisbon Strategy, have had any impact on macroeconomic outcomes. We test this proposition on a panel of 27, some of which are non-EU (control group) using a programme evaluation approach. The impact of the EU economic governance pillars is evaluated based on both the performance before and after their application as well as against the control group. We find strong and robust evidence that neither the Stability and Growth Pact nor the Lisbon Strategy have had a significant beneficial impact on fiscal and economic performance outcomes. We conclude that a profound reform of these pillars is needed to make them work in the next decade. [Copyright Elsevier B.V.]
We test whether two key elements of the EU and euro area economic governance framework, the Stability and Growth Pact and the Lisbon Strategy, have had any impact on macroeconomic outcomes. We test this proposition using a difference-in-difference approach on a panel of over 30 countries, some of which are non-EU (control group). Hence, the impact of the EU economic governance pillars is evaluated based on both the performance before and after their application as well as against the control group. We find strong and robust evidence that neither the Stability and Growth Pact nor the Lisbon Strategy have had a significant beneficial impact on fiscal and economic performance outcomes. We conclude that a profound reform of these pillars is needed to make them work in the next decade.
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In: ECB Working Paper No. 1344
SSRN
Working paper
In: Cambridge review of international affairs, Band 13, Heft 2, S. 210-211
ISSN: 1474-449X
In: Journal of European public policy volume 22, number 2 (2015)
In: Special issue
In: ECB Occasional Paper No. 2022/295
SSRN
In: Journal of European public policy, Band 22, Heft 2, S. 155-176
ISSN: 1466-4429
In: Journal of European public policy, Band 22, Heft 2, S. 155-176
ISSN: 1350-1763
World Affairs Online
In: Zeitschrift für internationale Beziehungen: ZIB, Band 20, Heft 1, S. 105-124
ISSN: 0946-7165
In: Zeitschrift für internationale Beziehungen: ZIB, Band 20, Heft 1, S. 105-124
ISSN: 0946-7165
In: Banque de France Working Paper No. 795
SSRN
Working paper
In: ECB Working Paper No. 20202459
SSRN
Working paper