Titlebook: Economic Policy in the European Union; Sixten Korkman Book 2005 Palgrave Macmillan, a division of Macmillan Publishers Limited 2005 econom

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Modalities,olicy regime with a number of particular characteristics. The aim of this chapter is to shed light on this rather complex policy regime by answering the question ‘who does what and how?’ in the area of economic policy. The chapter first describes briefly the main Community institutions and bodies in

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Macroeconomic Policy in the SOE,nnels and time frame. A key distinction is between macroeconomic and microeconomic policies. The latter affect particular sectors of the economy or are otherwise selective in their impact and are usually called structural policies. They are for good reasons also referred to as supply-side, long-term

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Macroeconomic Policy in the EMU,ilt into EMU: power over monetary policy is delegated to the ECB, thereby centralised in the hands of a highly independent supranational institution. Other economic policies, by contrast, remain a matter for national governments, though subject to the rules of the internal market and the SGP. As not

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Tax Policy,achieved in EU work on tax policies must be deemed very modest. This chapter first reviews the political difficulties related to tax policy in the EU context (section 1), and then examines the prevailing situation and recent developments in indirect taxation (section 2) as well as direct taxation (s

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The Community Budget,ng to no more than roughly 1 per cent of the area-wide GDP. Is the smallness of the budget an expression of a well-justified allocation of tasks between the member states and the Community, or is it an unfortunate consequence of political hesitation or lack of courage to accept the budgetary require

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