The Implementation of Economic Rules
From the Stability and Growth Pact to the European Semester
Bibliographic Data
| ID | 7877412 |
|---|---|
| Authors | Camilla Mariotto (0000-0002-1116-2975, Department of Political Science University of Innsbruck Innsbruck, corresponding author) |
| Year | 2022 |
| Volume | 60 |
| Issue | 1 |
| Pages | 40-57 |
| Publication date | 2022-01-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | JCMS Journal of Common Market Studies (JOURNAL) |
| Journal identifiers | ISSN: 0021-9886 • E-ISSN: 1468-5965 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/jcms.13265 |
| OpenAlex | W4200001705 |
| Language | EN |
| Citations received | 18 |
| References cited | 25 |
Country‐specific recommendations (CSRs) were introduced by the Stability and Growth Pact and offered guidance to countries in fiscal policies. Coordination was very limited and unsystematic in terms of policies and obligations. In the aftermath of the euro area financial crisis, the European Union reinforces the pre‐existing policy cycle with the European Semester. Why do countries implement CSRs? Are there explanatory differences in their implementation before and after the introduction of the European Semester? We argue that the study of the entire history of the CSRs provides a unique chance to unravel opposite causal mechanisms. Employing an original dataset, we show that, in the first period, electoral proximity reduces implementation. We find also that, if a country is in (out of) the euro area, it is more (less) inclined to adhere to the CSRs as inflation increases. In the European Semester, instead, inflationary pressure and higher costs of enforcement increase implementation
Economics · Enforcement · European debt crisis · European integration · European union · Inflation (cosmology · International economics · Macroeconomics · Member states · Pact · Political science · Stability (learning theory · Stability and Growth Pact · Computer Science · Economic Policies and Impacts · Electoral Systems and Political Participation · Fiscal Policies and Political Economy · Law
From sanctions to incentives
Décider des « réformes structurelles » dans un état de consolidation
The National Recovery and Resilience Plans
Energy and Environmental Challenges in the European Union and Green Bonds
Negotiating the recovery and resilience facility
Beyond the European Semester
Negotiating and governing the economic and monetary union
Benchmarking labour competitiveness
La gobernanza social en la UE a través de una década de funcionamiento del Semestre Europeo
Dismantling labour markets from above
Stronger conditionality for stronger compliance? Analysing the NGEU’s effect on the implementation of European semester recommendations
Par le Haut Ou Par les Pays‐Bas? French and Dutch Approaches to European Social Policy Coordination Compared
An Introduction
Reform Agendas in National Recovery and Resilience Plans
The NGEU comes to Visegrád
Unemployment Benefits in the EU
The EU's New Economic Governance Framework and Budgetary Decision‐Making in the Member States
Reconsidering the drivers of country-specific recommendations
Ruling Europe
The Responsible Electorate
The Powers of the Union
Implementing and complying with EU governance outputs
Multilevel Analysis
The political economy of pension reforms in Europe under financial stress
When can group level clustering be ignored? Multilevel models versus single-level models with sparse data
The Macroeconomic Imbalance Procedure as European integration
The European Semester as Goldilocks
Par le Haut Ou Par les Pays‐Bas? French and Dutch Approaches to European Social Policy Coordination Compared
Crisis Politics in Europe
The Political Economy of the Euro Crisis
Scaling Policy Preferences from Coded Political Texts
Explaining deviations from the Stability and Growth Pact
Politicisation and economic governance design
Cherry-picking external constraints
Walking the Tightrope
Rethinking Representation
| Unique citing works | 18 |
|---|---|
| Citations per year | 4,5 |
| Citation span | 2022 - 2026 (5) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 17 |