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EU Fiscal Policy Coordination in Hard Times

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EU Fiscal Policy Coordination in Hard Times

Free Riders on the Storm

Charlotte Rommerskirchen

OUP Oxford
Publication date : 2019-01-28

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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 manoeuvre. 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.

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About the book

Author

Charlotte Rommerskirchen

Imprint

OUP Oxford

Collection

n.c

Publication date

2019-01-28

Pages

256 pages

Print ISBN

9780192564214

Language

English

Ebook informations

EAN PDF

9780192564214

Price

£39.87

Copy count 0

Print count 0

File size 1495 Ko

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About author(s)

Charlotte Rommerskirchen

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.

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