Sebastian Diessner
Datos Biográficos
| ID | 279096 |
|---|---|
| NOMBRE | Sebastian Diessner |
| NOMBRES | Sebastian |
| APELLIDO | Diessner |
| FIRMA | DIESSNER S |
| AFILIACIONES | Leiden University |
| ORCID | 0000-0002-9458-980X |
| VERIFICADO | Sí |
| TOTAL DE OBRAS | 16 |
| TOTAL DE CITAS | 120 |
| TOTAL COMO AUTOR | 16 |
| TOTAL COMO EDITOR | 0 |
| PRIMER AÑO DE PUBLICACIÓN | 2016 |
| AÑO MÁS RECIENTE DE PUBLICACIÓN | 2026 |
| ÍNDICE H | 7 |
Welfare State Deservingness in the Era of Mass Higher Education
The educational composition of labor markets has changed dramatically in recent decades. In many advanced democracies, the majority of workers now possess a university education. We currently know very little about how this transformation has influenced perceptions of welfare state deservingness, which are closely linked to support for the welfare state. This article addresses that gap in the literature by carrying out an original survey with a s…
Actions Speak Louder Than Words
This article asks “who controls the controllers” now that the European Commission—long responsible for controlling the conduct of industrial policy in the EU's internal market—increasingly pursues its own industrial policy objectives. We draw on delegation theory to establish why the Commission should be held accountable for its industrial policy‐making and, based on a distinction between procedural and substantive accountability, develop a simpl…
Teaching European political economy and governance with the EU in crisis mode
Police patrols, fire alarms, or ambulance chasers? Parliamentary oversight of European monetary policy and banking supervision
The parliamentary oversight of the European Central Bank (ECB) is frequently criticised for its lack of focus in both monetary policy and banking supervision. While Members of the European Parliament (MEPs) can publicly question ECB decisions in these fields, they often use committee hearings for other purposes, such as expressing political positions on issues that may or may not be related to ECB activities. This article aims to conceptualise su…
The transition to the knowledge economy in advanced capitalist democracies
This article sets out to develop a new index capturing advanced capitalist democracies’ transition to the knowledge economy. Reviewing how the notion has evolved in the literature, the article proposes a definition of the knowledge economy based upon two key elements—technology and (high) skills. These are operationalized in six indicators and combined through Bayesian latent variable analysis to produce a new Knowledge Economy Index, covering tw…
Skill‐Biased Policy Change
How have advanced capitalist democracies transitioned from a Fordist to a post‐Fordist, knowledge‐based economy? And why have they followed seemingly similar policy trajectories despite different economic models and sectoral specializations? We develop the notion of skill‐biased policy change to answer these questions. Drawing on a distinction between valence and partisan issues in the transition to the knowledge economy, we highlight the partisa…
Embedding Skill Bias
Is rising inequality an inevitable consequence of the transition to a knowledge-based economy? Departing from existing approaches in labor economics and comparative political economy, we develop an account of inequality in the knowledge economy that foregrounds the role of labor market institutions. We argue that collective bargaining institutions play a critical role in mediating the skill bias commonly associated with the diffusion of informati…
Monetary‐Fiscal Interactions and the Problem of Outdated Commitments
Post-crisis accounts of economic governance in Europe have often analysed the monetary policy decisions of the supranational European Central Bank and the fiscal policy coordination of the intergovernmental Council and Eurogroup separately. This is unfortunate since both policy fields are closely linked and increasingly interdependent. We put forward a theory of monetary-fiscal interactions in the Economic and Monetary Union based on the notion o…
Structure, Agency, and Structural Reform
Monetary and financial integration has been shown to increase the pressure on states to liberalize social and labor market policies. If structures do not come with instruction sheets, how do monetary regime pressures translate into policy? Through a case study of the euro area, we show that central banks play an underappreciated role in this process. Using mixed methods to analyze a large amount of data, including the complete corpus of speeches,…
The political economy of monetary-fiscal coordination
Central banks and finance ministries have been faced with growing calls for better monetary-fiscal coordination in recent years as the solution to an array of macroeconomic policy problems, promoted by an ever-wider range of stakeholders.Yet, how can the silver-bullet solution of coordination be expected to play out across very different political-economic contexts?This paper sheds light on this question by introducing a novel typology of monetar…
The power of folk ideas in economic policy and the central bank–commercial bank analogy
This article argues that policy-makers' non-expert or 'folk' ideas can affect policy outcomes in a way that challenges the assumption of economic policy-making being guided by expert ideas emanating from the realm of economics and other sciences. To substantiate this argument, the article invokes literatures on audience costs as well as on economic folk theories to highlight the power of analogies and fallacies in the formulation of policy. While…
The promises and pitfalls of the ECB’s ‘legitimacy-as-accountability’ towards the European parliament post-crisis
This article argues that the European Central Bank's legitimacy mainly rests upon 'throughput legitimacy' in practice and, in particular, upon perceptions of accountability among the ECB's main political audiences, including the members of the European Parliament. This thin and contingent 'legitimacy-as-accountability' gives rise to a tension post-crisis: on the one hand, the ECB's enlarged monetary policy role requires ever-wider scrutiny and pa…
Planning laissez-faire
The mandate of the European Central Bank (ECB) does not extend to labor market and social policies at the national level. Why, despite the reputational costs, did the ECB act as a staunch advocate of structural labor market reforms from 1999 through 2015? We discuss this question through the theoretical lens of Karl Polanyi’s The Great Transformation. Although Polanyi has been a key reference point for the debate on the social consequences of Eur…
Skill-Biased Liberalization
This article conceptualizes the evolution of the German political economy as the codevelopment of technological and institutional change. The notion of skill-biased liberalization is introduced to capture this process and contrasted with the two dominant theoretical frameworks employed in contemporary comparative political economy scholarship-dualization and liberalization. Integrating theories from labor economics, the article argues that the in…
Masters of the ‘masters of the universe’? Monetary, fiscal and financial dominance in the Eurozone
The rise of central bankers to the status of new ‘masters of the universe’ has been matched by mounting allegations of political overreach. In the Eurozone, for instance, the European Central Bank has increasingly been accused of straying into the fiscal realm. Why do politically independent central banks engage intensely and publicly with government policies, thereby threatening the neat separation between monetary and fiscal policy that was mea…
The ECB's Monetary Dialogue with the European Parliament
The monetary dialogue between the European Parliament and the European Central Bank (ECB) is a key component for the democratic accountability of the independent central bank. We provide new evidence for the efficiency of the dialogue and present the results of a survey conducted amongst the members of the parliament's ECON (economic and monetary affairs) committee. We find that while the monetary dialogue may have had little or even a negative i…
Skill-Biased Liberalization
This article conceptualizes the evolution of the German political economy as the codevelopment of technological and institutional change. The notion of skill-biased liberalization is introduced to capture this process and contrasted with the two dominant theoretical frameworks employed in contemporary comparative political economy scholarship-dualization and liberalization. Integrating theories from labor economics, the article argues that the in…
The ECB's Monetary Dialogue with the European Parliament
The monetary dialogue between the European Parliament and the European Central Bank (ECB) is a key component for the democratic accountability of the independent central bank. We provide new evidence for the efficiency of the dialogue and present the results of a survey conducted amongst the members of the parliament's ECON (economic and monetary affairs) committee. We find that while the monetary dialogue may have had little or even a negative i…
Masters of the ‘masters of the universe’? Monetary, fiscal and financial dominance in the Eurozone
The rise of central bankers to the status of new ‘masters of the universe’ has been matched by mounting allegations of political overreach. In the Eurozone, for instance, the European Central Bank has increasingly been accused of straying into the fiscal realm. Why do politically independent central banks engage intensely and publicly with government policies, thereby threatening the neat separation between monetary and fiscal policy that was mea…
Structure, Agency, and Structural Reform
Monetary and financial integration has been shown to increase the pressure on states to liberalize social and labor market policies. If structures do not come with instruction sheets, how do monetary regime pressures translate into policy? Through a case study of the euro area, we show that central banks play an underappreciated role in this process. Using mixed methods to analyze a large amount of data, including the complete corpus of speeches,…
The promises and pitfalls of the ECB’s ‘legitimacy-as-accountability’ towards the European parliament post-crisis
This article argues that the European Central Bank's legitimacy mainly rests upon 'throughput legitimacy' in practice and, in particular, upon perceptions of accountability among the ECB's main political audiences, including the members of the European Parliament. This thin and contingent 'legitimacy-as-accountability' gives rise to a tension post-crisis: on the one hand, the ECB's enlarged monetary policy role requires ever-wider scrutiny and pa…
The transition to the knowledge economy in advanced capitalist democracies
This article sets out to develop a new index capturing advanced capitalist democracies’ transition to the knowledge economy. Reviewing how the notion has evolved in the literature, the article proposes a definition of the knowledge economy based upon two key elements—technology and (high) skills. These are operationalized in six indicators and combined through Bayesian latent variable analysis to produce a new Knowledge Economy Index, covering tw…
Planning laissez-faire
The mandate of the European Central Bank (ECB) does not extend to labor market and social policies at the national level. Why, despite the reputational costs, did the ECB act as a staunch advocate of structural labor market reforms from 1999 through 2015? We discuss this question through the theoretical lens of Karl Polanyi’s The Great Transformation. Although Polanyi has been a key reference point for the debate on the social consequences of Eur…
The political economy of monetary-fiscal coordination
Central banks and finance ministries have been faced with growing calls for better monetary-fiscal coordination in recent years as the solution to an array of macroeconomic policy problems, promoted by an ever-wider range of stakeholders.Yet, how can the silver-bullet solution of coordination be expected to play out across very different political-economic contexts?This paper sheds light on this question by introducing a novel typology of monetar…
The power of folk ideas in economic policy and the central bank–commercial bank analogy
This article argues that policy-makers' non-expert or 'folk' ideas can affect policy outcomes in a way that challenges the assumption of economic policy-making being guided by expert ideas emanating from the realm of economics and other sciences. To substantiate this argument, the article invokes literatures on audience costs as well as on economic folk theories to highlight the power of analogies and fallacies in the formulation of policy. While…
Embedding Skill Bias
Is rising inequality an inevitable consequence of the transition to a knowledge-based economy? Departing from existing approaches in labor economics and comparative political economy, we develop an account of inequality in the knowledge economy that foregrounds the role of labor market institutions. We argue that collective bargaining institutions play a critical role in mediating the skill bias commonly associated with the diffusion of informati…
Monetary‐Fiscal Interactions and the Problem of Outdated Commitments
Post-crisis accounts of economic governance in Europe have often analysed the monetary policy decisions of the supranational European Central Bank and the fiscal policy coordination of the intergovernmental Council and Eurogroup separately. This is unfortunate since both policy fields are closely linked and increasingly interdependent. We put forward a theory of monetary-fiscal interactions in the Economic and Monetary Union based on the notion o…
Skill‐Biased Policy Change
How have advanced capitalist democracies transitioned from a Fordist to a post‐Fordist, knowledge‐based economy? And why have they followed seemingly similar policy trajectories despite different economic models and sectoral specializations? We develop the notion of skill‐biased policy change to answer these questions. Drawing on a distinction between valence and partisan issues in the transition to the knowledge economy, we highlight the partisa…
The ECB's Monetary Dialogue with the European Parliament
The monetary dialogue between the European Parliament and the European Central Bank (ECB) is a key component for the democratic accountability of the independent central bank. We provide new evidence for the efficiency of the dialogue and present the results of a survey conducted amongst the members of the parliament's ECON (economic and monetary affairs) committee. We find that while the monetary dialogue may have had little or even a negative i…
Masters of the ‘masters of the universe’? Monetary, fiscal and financial dominance in the Eurozone
The rise of central bankers to the status of new ‘masters of the universe’ has been matched by mounting allegations of political overreach. In the Eurozone, for instance, the European Central Bank has increasingly been accused of straying into the fiscal realm. Why do politically independent central banks engage intensely and publicly with government policies, thereby threatening the neat separation between monetary and fiscal policy that was mea…
The power of folk ideas in economic policy and the central bank–commercial bank analogy
This article argues that policy-makers' non-expert or 'folk' ideas can affect policy outcomes in a way that challenges the assumption of economic policy-making being guided by expert ideas emanating from the realm of economics and other sciences. To substantiate this argument, the article invokes literatures on audience costs as well as on economic folk theories to highlight the power of analogies and fallacies in the formulation of policy. While…
The promises and pitfalls of the ECB’s ‘legitimacy-as-accountability’ towards the European parliament post-crisis
This article argues that the European Central Bank's legitimacy mainly rests upon 'throughput legitimacy' in practice and, in particular, upon perceptions of accountability among the ECB's main political audiences, including the members of the European Parliament. This thin and contingent 'legitimacy-as-accountability' gives rise to a tension post-crisis: on the one hand, the ECB's enlarged monetary policy role requires ever-wider scrutiny and pa…
Planning laissez-faire
The mandate of the European Central Bank (ECB) does not extend to labor market and social policies at the national level. Why, despite the reputational costs, did the ECB act as a staunch advocate of structural labor market reforms from 1999 through 2015? We discuss this question through the theoretical lens of Karl Polanyi’s The Great Transformation. Although Polanyi has been a key reference point for the debate on the social consequences of Eur…
Skill-Biased Liberalization
This article conceptualizes the evolution of the German political economy as the codevelopment of technological and institutional change. The notion of skill-biased liberalization is introduced to capture this process and contrasted with the two dominant theoretical frameworks employed in contemporary comparative political economy scholarship-dualization and liberalization. Integrating theories from labor economics, the article argues that the in…
The political economy of monetary-fiscal coordination
Central banks and finance ministries have been faced with growing calls for better monetary-fiscal coordination in recent years as the solution to an array of macroeconomic policy problems, promoted by an ever-wider range of stakeholders.Yet, how can the silver-bullet solution of coordination be expected to play out across very different political-economic contexts?This paper sheds light on this question by introducing a novel typology of monetar…
Monetary‐Fiscal Interactions and the Problem of Outdated Commitments
Post-crisis accounts of economic governance in Europe have often analysed the monetary policy decisions of the supranational European Central Bank and the fiscal policy coordination of the intergovernmental Council and Eurogroup separately. This is unfortunate since both policy fields are closely linked and increasingly interdependent. We put forward a theory of monetary-fiscal interactions in the Economic and Monetary Union based on the notion o…
Structure, Agency, and Structural Reform
Monetary and financial integration has been shown to increase the pressure on states to liberalize social and labor market policies. If structures do not come with instruction sheets, how do monetary regime pressures translate into policy? Through a case study of the euro area, we show that central banks play an underappreciated role in this process. Using mixed methods to analyze a large amount of data, including the complete corpus of speeches,…
Actions Speak Louder Than Words
This article asks “who controls the controllers” now that the European Commission—long responsible for controlling the conduct of industrial policy in the EU's internal market—increasingly pursues its own industrial policy objectives. We draw on delegation theory to establish why the Commission should be held accountable for its industrial policy‐making and, based on a distinction between procedural and substantive accountability, develop a simpl…
Teaching European political economy and governance with the EU in crisis mode
Police patrols, fire alarms, or ambulance chasers? Parliamentary oversight of European monetary policy and banking supervision
The parliamentary oversight of the European Central Bank (ECB) is frequently criticised for its lack of focus in both monetary policy and banking supervision. While Members of the European Parliament (MEPs) can publicly question ECB decisions in these fields, they often use committee hearings for other purposes, such as expressing political positions on issues that may or may not be related to ECB activities. This article aims to conceptualise su…
The transition to the knowledge economy in advanced capitalist democracies
This article sets out to develop a new index capturing advanced capitalist democracies’ transition to the knowledge economy. Reviewing how the notion has evolved in the literature, the article proposes a definition of the knowledge economy based upon two key elements—technology and (high) skills. These are operationalized in six indicators and combined through Bayesian latent variable analysis to produce a new Knowledge Economy Index, covering tw…
Skill‐Biased Policy Change
How have advanced capitalist democracies transitioned from a Fordist to a post‐Fordist, knowledge‐based economy? And why have they followed seemingly similar policy trajectories despite different economic models and sectoral specializations? We develop the notion of skill‐biased policy change to answer these questions. Drawing on a distinction between valence and partisan issues in the transition to the knowledge economy, we highlight the partisa…
Embedding Skill Bias
Is rising inequality an inevitable consequence of the transition to a knowledge-based economy? Departing from existing approaches in labor economics and comparative political economy, we develop an account of inequality in the knowledge economy that foregrounds the role of labor market institutions. We argue that collective bargaining institutions play a critical role in mediating the skill bias commonly associated with the diffusion of informati…
Welfare State Deservingness in the Era of Mass Higher Education
The educational composition of labor markets has changed dramatically in recent decades. In many advanced democracies, the majority of workers now possess a university education. We currently know very little about how this transformation has influenced perceptions of welfare state deservingness, which are closely linked to support for the welfare state. This article addresses that gap in the literature by carrying out an original survey with a s…
Political science (13 obras) · Economics (12 obras) · Social Policy and Reform Studies (10 obras) · Fiscal Policies and Political Economy (7 obras) · Politics (7 obras) · Economic policy (6 obras) · Law (6 obras) · Economic system (5 obras) · Financial system (5 obras) · Law (5 obras)