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Economic and fiscal policy coordination after the crisis: is the European Semester promoting more or less state intervention?

  • The European Union (EU) – and its Economic and Monetary Union (EMU) in particular – is often criticized as a predominantly market-oriented project. We analyse to what extent such claims can be substantiated by focusing on one key aspect of the EU’s post-crisis framework for economic governance: the country-specific recommendations (CSRs) that the EU has been issuing annually since 2011. Based on an original dataset, we analyse more than 1300 CSRs, which show that the EU does not push uniformly for less state intervention. Rather, the CSRs tend to suggest fiscal restraint and less protection for labour market insiders, while simultaneously promoting measures that benefit vulnerable groups in society. During the second decade of EMU, CSRs have gradually become more permissive of higher public spending and more in favour of worker protection, while the share of recommendations advocating more social protection has stagnated at a high level.

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Metadaten
Document Type:Article
Language:English
Author(s):Jörg Haas, Valerie D'Erman, Daniel Schulz, Amy Verdun
Parent Title (English):Journal of European Integration
ISSN:1477-2280
Publication year:2020
Publishing Institution:Hertie School
First Page:327
Last Page:344
DOI:https://doi.org/10.1080/07036337.2020.1730356
Release Date:2020/12/04
Tag:Country-specific recommendations; European Semester; economic and monetary union; economic governance; fiscal policy coordination
Volume:42
Issue:3
Hertie School Research:Jacques Delors Centre
Publications PhD Researchers
Licence of document (German):Metadaten / metadata
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