Forum: Preventing Recession in Europe: National vs. European Approaches

Policymakers in the EU member states are currently shaping rescue packages to prevent the financial crisis hitting their economies with unmitigated force. Each government is responding to the emerging problems with a country-specific set of measures. Given the global nature of the crisis, would coordinated action at the European level not be a better approach? Was the German government – much-criticised for its initial reluctance to adopt massive fiscal stimulation measures – right after all to exploit the option value of waiting in a situation of high uncertainty?

This forum comprises four separate articles:

- The case against a common fiscal boost in Europe
- Convergence and Divergence in public finance
- Seizing the European Day
- Fiscal stimulus packages, uncertainty and economic crisis.
Is the option of waiting valuable?

[Full text of articles can be found in the Intereconomics Archive two years after the initial publication]

Intereconomics: Archive http://archive.intereconomics.eu/years/

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