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European States and the EuroEuropeanization, Variation, and Convergence$
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Kenneth Dyson

Print publication date: 2002

Print ISBN-13: 9780199250257

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0199250251.001.0001

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The Political Economy of Fiscal Policy Under Monetary Union

The Political Economy of Fiscal Policy Under Monetary Union

Chapter:
(p.78) 3 The Political Economy of Fiscal Policy Under Monetary Union
Source:
European States and the Euro
Author(s):

David McKay (Contributor Webpage)

Publisher:
Oxford University Press
DOI:10.1093/0199250251.003.0004

This chapter has three objectives: first, to outline the ways in which the fiscal dimension is likely to change the nature of domestic politics in European states; second, to place these changes in a comparative context by reference to the experience of established federal states; and third, to speculate on the ways in which fiscal changes are likely to change the ways in which domestic political actors operate in the context of the institutional framework of the EU. Space limitations preclude a comprehensive coverage of these points. It is not intended to draw systematic distinctions between member states; the country chapters in this volume help provide this detail. Instead, the purpose is to draw on those theoretical perspectives generated by recent research in economics and political science that provide the basis for informed judgements on the effects of EMU on national polities in general and on national fiscal regimes in particular.

Keywords:   EMU, monetary policy

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