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

• Jörg S. Haas ^[2] ; Daniel F. Schulz ^[1] ; Amy Verdun
  1. [1] University of Agder

     University of Agder

     Noruega

     
  2. [2] Berlin Graduate School for Global and Transregional Studies
• Localización: Revue d'integration europeenne= Journal of european integration, ISSN 0703-6337, Vol. 42, Nº 3, 2020 (Ejemplar dedicado a: Economic and Monetary Union at Twenty: A stocktaking of a tumultuous second decade), págs. 327-344
• Idioma: inglés
• Enlaces
  • Texto completo
• Dialnet Métricas: 4 Citas
• Resumen

  • 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