The New EU Economic Governance: Vertical and Horizontal Power Shifts

F. Naert
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引用次数: 6

Abstract

The euro crisis made visible the omitted stage in the European integration process. The EU jumped from the common market straight to the monetary union, neglecting the formation of the economic union. The new EU economic governance is a combination of a vertical shift of competences, i.e. from one level of government to another level, and a horizontal shift of powers and competences, i.e. from elected governments to unelected government bodies entrusted with (parts of) government policies, from discretionary policy towards rules. In both types there is a risk of accountability problems, although of a different kind.The purpose of this paper is to analyze the new EU economic governance within the conceptual framework of these vertical and horizontal shifts. This two-dimensional approach offers a better analytical tool than the more traditional one-dimensional fiscal federalism approach. In the first part of the paper the focus is on the policy domains that are the objects in the shifting process. Budgetary policy mainly is at stake, but also banking regulation and monetary policy are partly involved. The second part of the paper deals with the relevant aspects of the theories on the division of powers along vertical and horizontal lines. The fiscal federalism approach to vertical separation and the time consistency theory on the horizontal distribution of power are briefly exposed. In the third part the power shifts occurring within the new EU economic governance are presented and defined in terms of our framework of vertical and horizontal power shifts. Finally the accountability problems of these shifts are analyzed.
新的欧盟经济治理:纵向和横向的权力转移
欧元危机暴露了欧洲一体化进程中被忽略的阶段。欧盟从共同市场直接跳到货币联盟,忽略了经济联盟的形成。新的欧盟经济治理是能力的垂直转移(即从一级政府到另一级政府)和权力和能力的横向转移(即从民选政府到委托(部分)政府政策的非民选政府机构,从自由裁量政策到规则)的结合。这两种类型都存在问责问题的风险,尽管是不同的类型。本文的目的是在这些纵向和横向转变的概念框架内分析新的欧盟经济治理。与更传统的一维财政联邦制方法相比,这种二维方法提供了更好的分析工具。本文的第一部分重点研究了政策领域作为转移过程中的客体。预算政策主要受到威胁,但银行监管和货币政策也部分受到影响。论文的第二部分论述了纵横分权理论的有关方面。简要地揭示了纵向分立的财政联邦制方法和横向分权的时间一致性理论。第三部分从纵向和横向权力转移的框架出发,对新欧盟经济治理中的权力转移进行了阐述和界定。最后分析了这些转变的问责问题。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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