Based on a CEPR study he co-authored, this paper by Armin Steinbach (professor at HEC Paris) puts forward an ambitious yet feasible blueprint for reforming the European macroeconomic policy system. It highlights three key policy fields for reform: the relationship between the monetary and the fiscal pillars, fiscal rules, and potential follow-ups to the Next Generation EU Initiative (NGEU) launched in response to the Covid crisis. More particularly, the paper focuses on the legal feasibility of reforms in the area. Based on an insightful and forward-looking analysis of relevant Treaty provisions, the paper argues that primary law leaves much room open for reforms and policy improvements.
We look forward to welcoming you on July 3-5, 2023 for our Annual Conference entitled "Islands and Ocean: Public Law in a Plural World." The conference will take place at the Victoria University of Wellington, in New Zealand. We will be announcing more details about the conference soon, including financial support to early career and global south scholars!