Germany in the European Union: economic policy under ceded sovereignty

Arbeitspapier

The member states of the European Union have given up sovereignty in quite a number of policy areas and subjected themselves to joint decisionmaking at the European level. Policy instruments are no longer available nationally in many policy areas, including monetary policy, trade policy, the more important part of competition policy, subsidy control, and a large number of the regulations in the product market, the environmental arena, and the capital market. The maneuvering space for national economic policy-makers has been reduced considerably. In quite a few areas in which decisions are taken with a qualified majority, the member countries can be outvoted and have to accept the decisions taken by others. This paper surveys the new decision space of economic policy of a member state including the latest constitutional arrangement.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Kiel Working Paper ; No. 1217

Classification and Topics

• Classification: Wirtschaft ; Central Banks and Their Policies ; Economic Integration ; Intergovernmental Relations; Federalism; Secession
• Subject: European integration ; sovereignty ; EU constitution ; Europäische Integration ; Souveränität ; Verfassung ; Deutschland ; EU-Staaten

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Siebert, Horst
• Event: Veröffentlichung
• (who): Kiel Institute for World Economics (IfW)
• (where): Kiel
• (when): 2004

Further information

• Handle: http://hdl.handle.net/10419/3274
• Last update: 10.03.2025, 11:41 AM CET