Unpacking the European Commission's fiscal policy response to crisis: mapping and explaining economic ideas in the European Semester 2011–2022

Graham, Rachel; Schoonvelde, Martijn; Swinkels, Marij

doi:10.1080/13501763.2023.2274347

Cited by 2 publications

(1 citation statement)

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“…While the latter follow the macroeconomic logic highlighted above, reforms have been linked to the structural problems of member states. Third, NGEU represents a shift towards a growth strategy less focused on supply-side policies (as was the case in the aftermath of the global financial crisis) and more on stimulating public investment (see Graham et al, 2023), particularly in the green and digital transition. Time will tell whether this shift is going to persist or not.…”

Section: Discussionmentioning

confidence: 99%

NextGenerationEU and the European Semester: Comparing National Plans and Country‐Specific Recommendations

Guidi,

Piccinetti,

Verzichelli

2023

PaG

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This article examines the main features of the Recovery and Resilience Plans (RRPs) that member states have presented to access NextGenerationEU (NGEU) funds, and it explores the relationship between NGEU and the European Semester. Relying on a dataset collected for this purpose, which coded all RRPs and all recommendations received by the member states in the years preceding NGEU, we explore quantitatively the variation in the countries’ resource allocation and reform agendas and the congruence between RRPs and the recommendations issued in the European Semester. Our analysis reveals three key findings. First, substantial variation exists across member states, reflecting the diverse economic and political contexts shaped by a decade of crises. Second, by disaggregating RRPs into the six policy pillars indicated by the Commission, we show differences in the member states’ patterns of intervention. Third, we offer insights into the extent to which member states address the Semester recommendations. The data we present is a relevant tool for understanding NGEU and generating research questions aimed at exploring its nature and its implementation in the years to come.

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Section: Discussionmentioning

confidence: 99%

NextGenerationEU and the European Semester: Comparing National Plans and Country‐Specific Recommendations

Guidi,

Piccinetti,

Verzichelli

2023

PaG

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Resilient austerity? National economic discourses before the pandemic in the European Union

Moreira Ramalho,

Massart,

Crespy

2024

Politics & Policy

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After the euro crisis, politicization patterns led the institutions of the European Union to gradually redirect the bloc's socioeconomic governance away from austerity. It is less clear whether the erosion of austerity was mirrored in national economic discourses. To fill this gap, this article provides a quantitative and qualitative analysis of parliamentary budget debates in four country cases: France, Germany, the Netherlands, and Portugal, from 2014 to 2020. The results show contrasting patterns of “fiscal discipline” frame resilience in national economic discourse in ways consistent with intergovernmental bargaining around the pandemic recovery agenda. Moreover, shared preoccupations relating to investment in the economy, social inequality, and climate change emerge as major threads shaping budget making. These findings suggest an increasingly integrated multi‐level system of economic governance and call for further investigation into the links between ideas shaping EU economic governance and economic discourses in member states.Related ArticlesPi Ferrer, Laia, and Pertti Alasuutari. 2019. “The Spread and Domestication of the Term ‘Austerity:’ Evidence from the Portuguese and Spanish Parliaments.” Politics & Policy 47(6): 1039–65. https://doi.org/10.1111/polp.12331.Zamponi, Lorenzo, and Lorenzo Bosi. 2016. “Which Crisis? European Crisis and National Contexts in Public Discourse.” Politics & Policy 44(3): 400–26. https://doi.org/10.1111/polp.12156.

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Unpacking the European Commission's fiscal policy response to crisis: mapping and explaining economic ideas in the European Semester 2011–2022

Cited by 2 publications

References 51 publications

NextGenerationEU and the European Semester: Comparing National Plans and Country‐Specific Recommendations

NextGenerationEU and the European Semester: Comparing National Plans and Country‐Specific Recommendations

Resilient austerity? National economic discourses before the pandemic in the European Union

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