An independent European macroeconomics? A history of European macroeconomics through the lens of the European Economic Review

Goutsmedt, Aurélien; Truc, Alexandre

doi:10.1016/j.euroecorev.2023.104559

European Economic Review

2023

DOI: 10.1016/j.euroecorev.2023.104559

|View full text |Cite

An independent European macroeconomics? A history of European macroeconomics through the lens of the European Economic Review

Aurélien Goutsmedt

Alexandre Truc

Help me understand this report

View preprint versions

Search citation statements

Order By: Relevance

Paper Sections

Select...

Citation Types

Supporting

Mentioning

Contrasting

Year Published

2023

Publication Types

Select...

Article3

Relationship

Self Cite1

Independent2

Authors

Journals

Cited by 3 publications

References 101 publications

(132 reference statements)

Supporting

Mentioning

Contrasting

Order By: Relevance

General equilibrium models with rationing: The making of a ‘European specialty’

Plassard,

Renault

2023

European Economic Review

View full text Add to dashboard Cite

General equilibrium models with rationing: The making of a ‘European specialty’

Plassard,

Renault

2023

European Economic Review

View full text Add to dashboard Cite

The ECB and the inflation monsters: strategic framing and the responsibility imperative (1998–2023)

Goutsmedt,

Fontan

2023

Journal of European Public Policy

Self Cite

View full text Add to dashboard Cite

The recent resurgence of inflation in Europe has led the ECB to increase interest rates and phase out asset purchase programs designed to address the effects of the Great Financial Crisis. This article investigates how the ECB adjusts its logic of responsibility throughout this series of crises. Using a topic model and in-depth analysis of speeches, we examine the ECB's strategic framing of linkages related to inflation during three historical periods: the Central Bank Independence (CBI) era (1998)(1999)(2000)(2001)(2002)(2003)(2004)(2005)(2006)(2007)(2008)(2009)(2010)(2011), the secular stagnation era (2011-2021), and the new inflation era (2021-). Our findings indicate that modifications made to the CBI's linkages during the secular stagnation era shaped the ECB's framing of the new inflation era in a novel way. However, despite acknowledging difficult policy tradeoffs, which they used to downplay in the past, ECB policymakers have continued to reframe its initial imperative of responsibility in the hope of avoiding policy discussions on regime change.

show abstract

Quantitative and Computational Approaches in the Social Studies of Economics

Goutsmedt,

Claveau,

Herfeld

2023

oeconomia

View full text Add to dashboard Cite

scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.

Contact Info

hi@scite.ai

10624 S. Eastern Ave., Ste. A-614

Henderson, NV 89052, USA

Blog Terms and Conditions API Terms Privacy Policy Contact Cookie Preferences Do Not Sell or Share My Personal Information

Made with 💙 for researchers

Part of the Research Solutions Family.

An independent European macroeconomics? A history of European macroeconomics through the lens of the European Economic Review

Cited by 3 publications

References 101 publications

General equilibrium models with rationing: The making of a ‘European specialty’

General equilibrium models with rationing: The making of a ‘European specialty’

The ECB and the inflation monsters: strategic framing and the responsibility imperative (1998–2023)

Quantitative and Computational Approaches in the Social Studies of Economics

Contact Info

Product

Resources

About