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European economic governance: what is it, where are we and where do we go?

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  • Arne Heise

Abstract

Since the Amsterdam revision of the Maastricht Treaty, the European Union has accepted responsibility for macroeconomic well-being in general and the employment performance in particular. However, as the EU does not have available any supranational macroeconomic institutions of governance except the European Central Bank and is not endowed with sufficient financial resources to pursue its own and independent fiscal policy, European economic governance cannot be anything else than networking or coordination. This article will take a closer look at what 'governance' may mean at the EU level, its theoretical conceptualisation, developments and prospects.

Suggested Citation

  • Arne Heise, 2008. "European economic governance: what is it, where are we and where do we go?," International Journal of Public Policy, Inderscience Enterprises Ltd, vol. 3(1/2), pages 1-19.
  • Handle: RePEc:ids:ijpubp:v:3:y:2008:i:1/2:p:1-19
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    Cited by:

    1. Arne Heise & Özlem Görmez Heise, 2010. "Europäische Wirtschaftsregierung - Notwendige Ergänzung der EWU oder unrealistische Illusion?," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 36(3), pages 325-347.
    2. Arne Heise, 2014. "Zwangsjacke Euro. Die Fehlkonstruktion des Europäischen Economic Governance-Systems," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 40(1), pages 17-31.
    3. Pusch, Toralf & Heise, Arne, 2008. "Central Banks, Trade Unions and Reputation – Is there Room for an Expansionist Manoeuvre in the European Union?," MPRA Paper 19719, University Library of Munich, Germany.

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