This book analyzes the EU's responses to the sovereign debt crisis that hit the Economic and Monetary Union (EMU) in 2010. After reviewing the events that led to the crisis, it examines two case studies. The first assesses the short-term policy changes by drawing on a new mechanism, contingent learning. The second case study revolves around the long-term EMU reforms passed during the period 2010-2013. More specifically, it assesses these responses in relation to the institutional scientific publications of the European Central Bank and the DG ECFIN of the Commission. By analyzing both the short and long-term responses to the sovereign debt crisis, the book elucidates how policy learning can be an effective engine for deeper European integration. It will be of interest to scholars and students of EU integration, the EMU, policy learning, and supranational bureaucracies.
Chapter 1. Introduction: EMU, fiscal policy coordination, crisis, and the case for learning.- Chapter 2. Research design.- Chapter 3. Introducing the beast: a primer on the euro crisis.- Chapter 4. How contingent learning saved EMU in 2010.- Chapter 5. The influence of internal epistemic actors on the construction of EMU expansionary consolidation paradigm.- Chapter 6. Conclusions. Integration through crisis and learning.
Jonathan C. Kamkhaji is a Post-Doctoral Researcher at the Department of Management, Economics and Industrial Engineering, Politecnico Milano, Italy. His research interests include European integration, public policy, and regulatory governance. He previously worked as a consultant for the World Bank, and has published research in the
Journal of European Public Policy,
Regulation & Governance, and
Policy Studies Journal.
Über den Autor
Jonathan C. Kamkhaji is a Post-Doctoral Researcher at the Department of Management, Economics and Industrial Engineering, Politecnico Milano, Italy. His research interests include European integration, public policy, and regulatory governance. He previously worked as a consultant for the World Bank, and has published research in the Journal of European Public Policy, Regulation & Governance, and Policy Studies Journal.
Inhaltsverzeichnis
Chapter 1. Introduction: EMU, fiscal policy coordination, crisis, and the case for learning.- Chapter 2. Research design.- Chapter 3. Introducing the beast: a primer on the euro crisis.- Chapter 4. How contingent learning saved EMU in 2010.- Chapter 5. The influence of internal epistemic actors on the construction of EMU expansionary consolidation paradigm.- Chapter 6. Conclusions. Integration through crisis and learning.
Klappentext
This book analyzes the EU¿s responses to the sovereign debt crisis that hit the Economic and Monetary Union (EMU) in 2010. After reviewing the events that led to the crisis, it examines two case studies. The first assesses the short-term policy changes by drawing on a new mechanism, contingent learning. The second case study revolves around the long-term EMU reforms passed during the period 2010-2013. More specifically, it assesses these responses in relation to the institutional scientific publications of the European Central Bank and the DG ECFIN of the Commission. By analyzing both the short and long-term responses to the sovereign debt crisis, the book elucidates how policy learning can be an effective engine for deeper European integration. It will be of interest to scholars and students of EU integration, the EMU, policy learning, and supranational bureaucracies.
n
Provides a unique account of how and what EU decision makers learned during the sovereign debt crisis
Explains how a novel causal mechanism, contingent learning, led EU decision makers to save the euro in 2010
Offers a new account of the rise of the austerity paradigm by analyzing the scientific production of EU epistemic agents
