6th Framework Programme (2002-2006)
Home > NEWGOV - ECONPOL Project >

Project 19a Detail:
New Approaches to Economic Governance in the EU (ECONPOL)
Project completed

This project examined a number of new modes of governance (NMG) in economic policy domains. The bulk of the research focused on the various forms of economic policy co-ordination across the multiple levels of EMU, in which the open method and related ‘soft law’ forms of governance have been adopted in recent years. The bulk of the work under the project was on the new modes of policy co-ordination which have been employed in fiscal policy after the reform of the Pact and in structural policies after the re-launch of the Lisbon Strategy. In addition, the research appraised developments in the governance of monetary policy, such as the increasing importance of transparency as an instrument of policy, as well as a means of fostering accountability. The project also looked at the emergence of new processes (such as sustainable development) and of new expectations of what established modes of governance (the EU budget is an example, with the decision to hold a review in 2008/9, instead of sticking to the pattern of long planning period established in 1988; another is the rise of the EU regulatory state in distributive policies) should do within the overall economic governance architecture.

Page updated: 10/12/08

Co-ordinated by the European University Institute