TY - JOUR

T1 - European economic governance

T2 - The OMC as a road to integration?

AU - Lierse, Hanna

PY - 2010

Y1 - 2010

N2 - The means by which macroeconomic goals such as growth, price stability, and full employment are managed have gone through major changes in the European Union. The introduction of a single currency and the Code of Conduct on harmful tax competition are two prime examples of this transformation. While monetary policy is managed hierarchically from the European level, taxation is regulated via soft forms of coordination. Why has this institutional set-up emerged? And what factors have hindered supranational cooperation in the tax field? Based on a historical analysis of their policy discourses the paper demonstrates that a common experience among policy actors seems to be a prerequisite for the delegation of economic policy making to supranational institutions. While the OMC is suboptimal in the tax field from an economic perspective, it may therefore be a first step towards more efficient forms of coordination.

AB - The means by which macroeconomic goals such as growth, price stability, and full employment are managed have gone through major changes in the European Union. The introduction of a single currency and the Code of Conduct on harmful tax competition are two prime examples of this transformation. While monetary policy is managed hierarchically from the European level, taxation is regulated via soft forms of coordination. Why has this institutional set-up emerged? And what factors have hindered supranational cooperation in the tax field? Based on a historical analysis of their policy discourses the paper demonstrates that a common experience among policy actors seems to be a prerequisite for the delegation of economic policy making to supranational institutions. While the OMC is suboptimal in the tax field from an economic perspective, it may therefore be a first step towards more efficient forms of coordination.

KW - European economic policies

KW - European governance

KW - European integration

KW - Integration theory

KW - Monetary policy

KW - Open method of coordiation

KW - Policy coordination

KW - Policy discourse

KW - Taxation

KW - Economics

KW - Sustainability sciences, Management & Economics

UR - http://www.scopus.com/inward/record.url?scp=77956962429&partnerID=8YFLogxK

U2 - 10.1504/IJPP.2010.031205

DO - 10.1504/IJPP.2010.031205

M3 - Journal articles

AN - SCOPUS:77956962429

VL - 6

SP - 35

EP - 49

JO - International Journal of Public Policy

JF - International Journal of Public Policy

SN - 1740-0600

IS - 1-2

ER -