CASE Policy Briefs, Euro area, Europe, eurozone, Macroeconomics and macroeconomic policy

The EU’s Economic Policy Architecture after the Ratification of the Fiscal Treaty

The Treaty on Stability, Coordination and Governance in the Economic and Monetary Union, adopted in March 2012 entered into force in January 2013 was presented as a reinforcement of the Stability and Growth Pact. The present Brief argues that this new Treaty does not seem to offer a definitive solution to the problem of finding the appropriate budgetary-monetary policy mix in the EMU and that it may complicate some aspects of the economic policy governance in the Eurozone.

This E-brief is based on Jorgen Mortensen’s presentation at the EUROFRAME Conference 2013 "Towards a better governance in the EU?" held on May 24th, 2013.

The list of speakers and conference papers are available here.