Get Economic Government of the EU: A Balance Sheet of New Modes PDF

By Ingo Linsenmann

ISBN-10: 023062572X

ISBN-13: 9780230625723

ISBN-10: 1403935807

ISBN-13: 9781403935809

The construction of economic Union marked a massive step within the evolution of the eu Union. Is the ecu now taking your next step towards a full-fledged financial govt? This publication seeks to reply to this query through learning the evolution, execution and function of latest modes of financial coverage coordination as strength stepping-stones in the direction of extra institutionalized sorts of fiscal governance.

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Additional resources for Economic Government of the EU: A Balance Sheet of New Modes of Policy Coordination (Palgrave Studies in European Union Politics)

Sample text

Meyer, Ingo Linsenmann and Wolfgang T. Wessels Introduction The purpose of this chapter is to set out the theoretical and analytical framework used throughout this volume to study the evolution of economic policy co-ordination. This focus represents also an opportunity to test and revise some key assumptions, causal mechanisms and hypotheses about the broader dynamics of European integration and governance. In recent years, theorising about the evolution of the European Union and its governing processes has matured substantially.

This study brings together political scientists, economists and sociologists from a number of countries to cover a large empirical field, looking at developments in ten EU member states between 1997 and 2003. In doing so, we hope to provide a useful analytical framework and empirical insights into a policy-making process, which has hitherto being studied only on the basis of a small sample of countries and policy fields and relatively short observation periods. Policy co-ordination as an object of study: the historical and conceptual background Policy co-ordination has been called the ‘multi-level governance method’ (Wallace 2000a: 28), ‘open co-ordination’ (Scharpf 2001b, 2001c) or even ‘democratic experimentalism’ (Eberlein and Kerwer 2002).

99 TEC, European Council of Helsinki 1999 Art. 128 TEC, European Council of Luxembourg 1997 Sanctions in case of noncompliance Peer pressure and negative publicity through individual recommendations & Option of the Council imposing financial fines in case of excessive budgetary deficits Peer pressure and negative publicity through individual recommendations & especially regarding fiscal policy Peer pressure and negative publicity through individual recommendations and rankings/ benchmarking Objectives, Guidelines and Benchmarks Medium term budgetary targets, national quantitative targets in stability/ convergence programmes, quantitative thresholds Depending on the policy area, qualitative guidelines and quantitative targets for EU and national level, national reports Qualitative guidelines and quantitative EU-targets, common indicators, national action plans, variable national benchmarks Role of EUCommission and European Parliament Monitoring of targets through DG Ecfin, Proposal for Decisions of Ecofin Council by QMV Monitoring of targets through DG Ecfin, Proposal for Decisions of Ecofin Council by QMV, EP rights for ex-post information Monitoring of targets through DG Emploi, Proposal for decisions of Employment and Social Affairs Council by QMV EP is being consulted Procedures for Voting and Learning Annual reporting and review cycles, qualified majority voting in Council on sanctions under the excessive deficit procedure Annual reporting and review cycles Annual reporting and review cycles, multilateral surveillance and partnering Involvement of nongovernmental actors No, indirect through public sphere No, indirect through macroeconomic dialogue and public sphere In principle yes, social partners and public sphere Research Design and Theoretical Expectations 15 ‘Hard’, in the context of this study, means the degree of bindingness at the implementation stage, which can be examined by looking at two dimensions: firstly, how much flexibility do member states have in achieving common objectives and, secondly, what kind of corrective mechanisms exist to bring about compliance with these objectives?

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Economic Government of the EU: A Balance Sheet of New Modes of Policy Coordination (Palgrave Studies in European Union Politics) by Ingo Linsenmann


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