European economic governance: the OMC as a road to integration?

Hanna Lierse

International Journal of Public Policy, 2010, vol. 6, issue 1/2, 35-49

Abstract: 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.

Keywords: European governance; European integration; EU integration; integration theory; taxation; monetary policy; European economic policies; policy coordination; open method of coordination; policy discourse; European Union. (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.inderscience.com/link.php?id=31205 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijpubp:v:6:y:2010:i:1/2:p:35-49

Access Statistics for this article

More articles in International Journal of Public Policy from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().