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EU fiscal policy coordination in hard times free riders on the storm / Charlotte Rommerskirchen
Bib ID 8036587
Format BookBook, OnlineOnline [text, online resource]
Rommerskirchen, Charlotte, author
Online Access
Edition First edition. 
Description Oxford, United Kingdom : Oxford University Press, 2019 
1 online resource. 
ISBN 9780191867446 ((electronic bk.))
0191867446 ((electronic bk.))
9780192564214 ((electronic bk.))
0192564218 ((electronic bk.))
Invalid ISBN 0198829019
Full contents
  • Cover; EU Fiscal Policy Coordination in Hard Times: Free Riders on the Storm; Copyright; Dedication; Acknowledgments; Contents; List of Figures; List of Tables; List of Abbreviations; 1: Introduction; 1.1 The Perfect Storm; 1.2 A Tale of Two Crises; 1.2.1 The Economic and Financial Crisis; 1.2.2 The European Debt Crisis; 1.2.3 In the Shadow of the European Debt Crisis; 1.3 Methods of the Book; 1.4 Outline of the Book; Notes; 2: Fiscal Policy Coordination: A Primer; 2.1 Before the Storm; 2.2 A Faulty Centerpiece; 2.2.1 The SGP in Action; 2.2.2 Reforming the SGP
  • 2.3 The European Economic Recovery Plan2.4 After the Crisis; 2.4.1 Something Old; 2.4.2 Something New; 2.5 Conclusion; Notes; 3: Theorizing Fiscal Policy Coordination; 3.1 The Marriage Plot; 3.2 Theorizing Collective Action; 3.2.1 Too Much; 3.2.2 Too Little; 3.2.3 Asymmetrical Interdependence; 3.3 Get Over It; 3.3.1 A Logic of Consequences; 3.4 Research Hypotheses; 3.4.1 Latency Hypothesis; 3.4.2 Free Riding Hypothesis; CLOUT; OPENNESS; 3.4.3 Incentives Hypothesis; FISCAL RULES; MARKET DISCIPLINE; 3.5 Conclusion; Notes; 4: Policy Needs Politics
  • 4.1 Convergence, Diversity, and Coordination4.2 Let's Get Fiscal; 4.2.1 A Matter of Discretion; 4.2.2 Fiscal Policy Measures; 4.2.3 Crisis Policies?; 4.3 Data and Methods; 4.3.1 Econometric Issues; THE ENDOGENEITY OF ELECTIONS; 4.4 The Drivers of Fiscal Policy Hard Times; 4.4.1 Main Street and Wall Street; 4.4.2 Government Fragmentation; 4.4.3 Opposition Politics; 4.4.4 Spending Left and Right; GOING TO CHINA; 4.5 Conclusion; Notes; 5: Beggar-Thy-Neighbors; 5.1 A Patriotic Stimulus; 5.2 Analyzing Free Riding; 5.2.1 Fuzzy Free Riding; 5.2.2 Compliance with the EERP
  • 5.3 Fiscal Space5.3.1 Fiscal Space and Stimulus Spending; 5.4 Free Riding: Facts and Fiction; 5.4.1 Playing Up and Playing Down; 5.5 Conclusion; Notes; 6: Discretion Rather Than Rules; 6.1 Rules and Rulers; 6.2 Rules in Crisis; 6.2.1 The Endogeneity of Fiscal Rules; 6.2.2 The Home Story; 6.2.3 EU-Level Rules; 6.3 Appealing Exception; 6.3.1 Running Behind the Train; 6.3.2 An Unlikely Champion; 6.4 Conclusion; Notes; 7: Market Discipline; 7.1 Meet the Bond Gods; 7.1.1 Bond Vigilantes and Deficit Cheerleaders; 7.2 Market Discipline; 7.2.1 Quantifying Market Discipline; 7.2.2 Endogeneity-Again
  • 7.2.3 Econometric Results7.3 Overcoming Group Latency; 7.3.1 Second-Order Free Riding; 7.3.2 Turkey's Christmas; 7.3.3 Enlisting Markets; 7.3.4 The Perils of Second-Order Free Riding; 7.4 Original Sin Revisited; 7.4.1 Upgrading; 7.4.2 Up or Down; 7.5 Conclusion; Notes; 8: Exit Stimulus; 8.1 The Consolidation Years; 8.2 The Austerity Delusion; 8.3 Consolidation and Fiscal Space; 8.4 Drivers of Fiscal Consolidation; 8.4.1 Rules and Consolidation; 8.4.2 Consolidation and Market Discipline; 8.5 Consolidation; Notes; 9: Free Riding Beyond Hard Times; 9.1 Key Findings; 9.1.1 Group Latency

Includes bibliographical references and index.

Online resource; title from PDF title page (EBSCO, viewed February 5, 2019).

Reproduction Electronic reproduction. Ipswich, MA Available via World Wide Web. 
Subjects Fiscal policy -- European Union countries.  |  Monetary unions -- European Union countries.
Other authors/contributors EBSCOhost


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