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The politics of ECB’s economic ideas and its implications for European economic governance : embedding a resilient EMU from the top-down?
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Mugnai, Iacopo (2022) The politics of ECB’s economic ideas and its implications for European economic governance : embedding a resilient EMU from the top-down? Comparative European Politics . doi:10.1057/s41295-022-00289-2 ISSN 1472-4790. (In Press)
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Official URL: https://doi.org/10.1057/s41295-022-00289-2
Abstract
By focusing on ECB’s economic policy thinking and its internal politics of ideas, this research aims to provide two contributions to knowledge. Firstly, it seeks to enhance scholarly understanding of ideational change inside international organisations (IOs). To do so, it asks (a) how ECB’s economic policy thinking has evolved since the outbreak of the euro crisis, and (b) what drives change in ECB’s ideas on the best way to deepen Europe’s Economic and Monetary Union (EMU) in its fiscal and economic realms. To answer these questions, fiscal policy, structural reforms and convergence towards resilient economic structures are used as case studies. The article argues that the interplay between changes in ECB’s leadership and internal policy discussions promoted by ideational entrepreneurs played a pivotal role in enabling new ideas to emerge inside the Bank. Secondly, by interrogating ECB’s ideas on the way to complete EMU, this research reflects on the future of the euro. It shares the view that the construction of cognitive authority within IOs is an ongoing political struggle over the ideas underpinning the everyday practice of global governance. By looking at the politics of ideas within the ECB, this article aims to contribute to the international political economy of EMU deepening.
| Item Type: | Journal Article | |||||||||
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| Subjects: | H Social Sciences > HC Economic History and Conditions H Social Sciences > HG Finance |
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| Divisions: | Faculty of Social Sciences > Politics and International Studies | |||||||||
| Library of Congress Subject Headings (LCSH): | European Central Bank, Economic and Monetary Union, Banks and banking, Central -- European Union countries, Monetary policy -- European Union countries, Eurozone , Monetary unions -- European Union countries, Financial institutions -- Government policy -- European Unions countries | |||||||||
| Journal or Publication Title: | Comparative European Politics | |||||||||
| Publisher: | Palgrave Macmillan Ltd. | |||||||||
| ISSN: | 1472-4790 | |||||||||
| Official Date: | 20 April 2022 | |||||||||
| Dates: |
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| DOI: | 10.1057/s41295-022-00289-2 | |||||||||
| Status: | Peer Reviewed | |||||||||
| Publication Status: | In Press | |||||||||
| Reuse Statement (publisher, data, author rights): | This is a post-peer-review, pre-copyedit version of an article published in Comparative European Politics. The definitive publisher-authenticated version Mugnai, I. The politics of ECB’s economic ideas and its implications for European economic governance: embedding a resilient EMU from the top-down?. Comp Eur Polit (2022). https://doi.org/10.1057/s41295-022-00289-2 is available online at: https://doi.org/10.1057/s41295-022-00289-2 | |||||||||
| Access rights to Published version: | Restricted or Subscription Access | |||||||||
| Date of first compliant deposit: | 15 February 2022 | |||||||||
| Date of first compliant Open Access: | 20 April 2023 | |||||||||
| RIOXX Funder/Project Grant: |
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