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An Introduction: “Macroeconomic Policy Coordination and Domestic Politics: Policy Coordination in the EU from the European Semester to the Covid‐19 Crisis”

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  • Valerie D'Erman
  • Amy Verdun

Abstract

The Next Generation EU (NGEU) and the Recovery and Resilience Facility (RRF) encompassed the European Semester. To understand how and why this happened we apply different theoretical approaches so as to emphasize different aspects of this process. The contributions in this collection discuss three main questions: (1) Is the Semester successfully implemented in the domestic arena? (2) Do domestic institutions and stakeholders play a crucial role in the success (or lack thereof) of the Semester? (3) What lessons can we learn from past economic policy coordination for the challenges ahead? In answering these questions, one's lens needs to be focused at both the EU and the domestic levels. Various factors play a role: solidarity, mutual understanding, relations between the ‘South’ and the ‘North’, questions about democracy, the rule of law, the interaction between economic and social issues, and even the need to address the climate crisis (the Green Deal).

Suggested Citation

  • Valerie D'Erman & Amy Verdun, 2022. "An Introduction: “Macroeconomic Policy Coordination and Domestic Politics: Policy Coordination in the EU from the European Semester to the Covid‐19 Crisis”," Journal of Common Market Studies, Wiley Blackwell, vol. 60(1), pages 3-20, January.
    • Handle: RePEc:bla:jcmkts:v:60:y:2022:i:1:p:3-20
    DOI: 10.1111/jcms.13276
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    2. Valerie J. D'Erman & Daniel F. Schulz & Amy Verdun & Dennis Zagermann, 2022. "The European Semester in the North and in the South: Domestic Politics and the Salience of EU‐Induced Wage Reform in Different Growth Models," Journal of Common Market Studies, Wiley Blackwell, vol. 60(1), pages 21-39, January.
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    1. Federico Fabbrini, 2022. "The Legal Architecture of the Economic Responses to COVID‐19: EMU beyond the Pandemic," Journal of Common Market Studies, Wiley Blackwell, vol. 60(1), pages 186-203, January.
    2. Annette Bongardt & Francisco Torres, 2022. "The European Green Deal: More than an Exit Strategy to the Pandemic Crisis, a Building Block of a Sustainable European Economic Model," Journal of Common Market Studies, Wiley Blackwell, vol. 60(1), pages 170-185, January.
    3. Lukas Cibik & Leon Richvalsky, 2023. "The Economy of EU Member Countries in 2020 from Perspective of Magic Square," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 8, pages 3-21.
    4. Bart Vanhercke & Amy Verdun, 2022. "The European Semester as Goldilocks: Macroeconomic Policy Coordination and the Recovery and Resilience Facility," Journal of Common Market Studies, Wiley Blackwell, vol. 60(1), pages 204-223, January.

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