IDEAS home Printed from https://ideas.repec.org/a/zbw/espost/175850.html
   My bibliography  Save this article

Saving the dangerous idea: austerity think tank networks in the European Union

Author

Listed:
  • Plehwe, Dieter
  • Neujeffski, Moritz
  • Krämer, Werner

Abstract

Austerity has become a key term in economic and social policy debates. Although austerity has been contested both in terms of economic theory and policy-making, it has been remarkably resilient. This resilience has been explained, for example, in structural and institutional terms by the rise of the ‘debt state’. Other explanations have emphasised the strength of austerity ideas rooted in ‘ordo-liberal’ economic theory. Following the insights of science technology scholarship and its emphasis on the social co-production of authoritative knowledge, this article proposes a stronger focus on organisations and their links across nation state borders for an explanation of the stability of austerity capitalism and the thinking underpinning it. The scrutiny of think tank networks, the article proposes, can help bridge the gap between ideational and structural explanations.

Suggested Citation

  • Plehwe, Dieter & Neujeffski, Moritz & Krämer, Werner, 2018. "Saving the dangerous idea: austerity think tank networks in the European Union," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 37(2), pages 188-205.
    • Handle: RePEc:zbw:espost:175850
    DOI: 10.1080/14494035.2018.1427602
    as

    Download full text from publisher

    File URL: https://www.econstor.eu/bitstream/10419/175850/6/f-21168-full-text-Plehwe-et_al-Saving-v3.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.1080/14494035.2018.1427602?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Plehwe, Dieter & Schlögl, Matthias, 2014. "Europäische und zivilgesellschaftliche Hintergründe der euro(pa)skeptischen Partei Alternative für Deutschland (AfD)," Discussion Papers, Project Group Modes of Economic Governance SP III 2014-501r, WZB Berlin Social Science Center.
    2. Carmen M. Reinhart & Kenneth S. Rogoff, 2010. "Growth in a Time of Debt," American Economic Review, American Economic Association, vol. 100(2), pages 573-578, May.
    3. Plehwe, Dieter & Schlögl, Matthias, 2014. "Europäische und zivilgesellschaftliche Hintergründe der euro(pa)skeptischen Partei Alternative für Deutschland (AfD)," Discussion Papers, Project Group Modes of Economic Governance SP III 2014-501, WZB Berlin Social Science Center.
    4. Olivier J. Blanchard & Daniel Leigh, 2013. "Growth Forecast Errors and Fiscal Multipliers," American Economic Review, American Economic Association, vol. 103(3), pages 117-120, May.
    5. International Monetary Fund, 2013. "Greece: Ex Post Evaluation of Exceptional Access Under the 2010 Stand-By Arrangement," IMF Staff Country Reports 2013/156, International Monetary Fund.
    6. Stephen McBride, 2016. "Constitutionalizing Austerity: Taking the Public out of Public Policy," Global Policy, London School of Economics and Political Science, vol. 7(1), pages 5-14, February.
    7. Wojciech Gagatek and Steven Van Hecke, 2011. "Towards Policy-Seeking Europarties? The Development of European Political Foundations," EUI-RSCAS Working Papers 58, European University Institute (EUI), Robert Schuman Centre of Advanced Studies (RSCAS).
    8. Alberto Alesina & Roberto Perotti, 1995. "Fiscal Expansions and Fiscal Adjustments in OECD Countries," NBER Working Papers 5214, National Bureau of Economic Research, Inc.
    9. Dakowska, Dorota, 2009. "Networks of Foundations as Norm Entrepreneurs: Between Politics and Policies in EU Decision-making," Journal of Public Policy, Cambridge University Press, vol. 29(2), pages 201-221, August.
    10. Heise, Arne, 2017. "Wirtschaftspolitischer Diskurs ohne Alternativen: Zur Notwendigkeit einer pluralen Ökonomik," ZÖSS-Discussion Papers 60, University of Hamburg, Centre for Economic and Sociological Studies (CESS/ZÖSS).
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Muhammad Alif K. Sahide & Micah R. Fisher & Nurhady Sirimorok & Fatwa Faturachmat & Ahmad Dhiaulhaq & Ahmad Maryudi & Karno B. Batiran & Supratman Supratman, 2023. "Blind spots and spotlights in bureaucratic politics: An analysis of policy co‐production in environmental governance dynamics in Indonesia," Development Policy Review, Overseas Development Institute, vol. 41(5), September.
    2. Usman W Chohan, 2022. "The return of Keynesianism? Exploring path dependency and ideational change in post-covid fiscal policy [Racial, economic, and health inequality and COVID-19 infection in the United States]," Policy and Society, Darryl S. Jarvis and M. Ramesh, vol. 41(1), pages 68-82.
    3. Vanessa Roger‐Monzó & Fernando Castelló‐Sirvent, 2023. "Soft power in global governance: fsQCA of thematic specialization strategies of European think tanks," Global Policy, London School of Economics and Political Science, vol. 14(2), pages 288-304, May.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Walter Paternesi Meloni, 2017. "Austerity & Competitiveness in the Eurozone: a misleading linkage," Departmental Working Papers of Economics - University 'Roma Tre' 0223, Department of Economics - University Roma Tre.
    2. Branimir Jovanovic, 2017. "Growth forecast errors and government investment and consumption multipliers," International Review of Applied Economics, Taylor & Francis Journals, vol. 31(1), pages 83-107, January.
    3. C. Petraglia & F. Purificato, 2013. "Single currency and supranational constraints to fiscal policies in the Eurozone during the crisis," Rivista economica del Mezzogiorno, Società editrice il Mulino, issue 4, pages 1065-1094.
    4. Fontana, Olimpia & Sau, Lino, 2023. "Expansionary Austerity in Europe: Finally an Oxymoron?," Department of Economics and Statistics Cognetti de Martiis. Working Papers 202317, University of Turin.
    5. Sébastien Charles & Thomas Dallery & Jonathan Marie, 2018. "Why Are Keynesian Multipliers Larger in Hard Times? A Palley-Aftalion-Pasinetti Explanation," Review of Radical Political Economics, Union for Radical Political Economics, vol. 50(4), pages 736-756, December.
    6. Alessandro Caiani & Ermanno Catullo & Mauro Gallegati, 2018. "The effects of fiscal targets in a monetary union: a multi-country agent-based stock flow consistent model," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 27(6), pages 1123-1154.
    7. Paternesi Meloni, Walter, 2016. "Austerity and competitiveness in the Eurozone: a misleading linkage," MPRA Paper 75962, University Library of Munich, Germany.
    8. Daniel Velázquez Orihuela & Diana Xóchitl González Gómez, 2016. "Impuestos y deuda pública: una relación paradójica," Revista Facultad de Ciencias Económicas, Universidad Militar Nueva Granada, vol. 24(2), pages 7-28, October.
    9. Athanasios Tagkalakis, 2014. "Discretionary fiscal policy and economic activity in Greece," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 41(4), pages 687-712, November.
    10. Daniele, SCHILIRO', 2019. "Public debt and growth in Italy:Analysis and policy proposals," MPRA Paper 97950, University Library of Munich, Germany, revised Nov 2019.
    11. Carranza-Ugarte, Luis & Díaz-Saavedra, Julián & Galdon-Sanchez, Jose Enrique, 2023. "Rethinking fiscal rules," Journal of Comparative Economics, Elsevier, vol. 51(3), pages 833-857.
      • Luis Carranza Ugarte & Julian Diaz Saavedra & Jose Enrique Galdon-Sanchez, 2021. "Rethinking fiscal rules," ThE Papers 21/14, Department of Economic Theory and Economic History of the University of Granada..
    12. Falilou Fall & Debra Bloch & Jean-Marc Fournier & Peter Hoeller, 2015. "Prudent debt targets and fiscal frameworks," OECD Economic Policy Papers 15, OECD Publishing.
    13. Postuła Marta & Klepacki Jarosław & Alińska Agnieszka, 2018. "The Impact of Standardised fiscal rules index on the Yield on Ten-Year Government Bonds in the Visegrád Group Countries in 2005–2016," Journal of Management and Business Administration. Central Europe, Sciendo, vol. 26(3), pages 49-70, September.
    14. Mavrozacharakis, Emmanouil, 2015. "Zum politischen Machtwechsel in Griechenland. Die Parlamentswahlen von Januar 2015 aus einem kritischen Blickwinkel [The political Change in Greece. The parliamentary elections in January 2015 in a," MPRA Paper 62396, University Library of Munich, Germany.
    15. Alberto Botta, 2020. "The short- and long-run inconsistency of the expansionary austerity theory: a post-Keynesian/evolutionist critique," Journal of Evolutionary Economics, Springer, vol. 30(1), pages 143-177, January.
    16. Szilárd Benk & Zoltán M. Jakab, 2012. "Non-Keynesian Effects of Fiscal Consolidation: An Analysis with an Estimated DSGE Model for the Hungarian Economy," OECD Economics Department Working Papers 945, OECD Publishing.
    17. Alari PaulusBy & Francesco Figari & Holly Sutherland, 2017. "The design of fiscal consolidation measures in the European Union: distributional effects and implications for macro-economic recovery," Oxford Economic Papers, Oxford University Press, vol. 69(3), pages 632-654.
    18. Dell'Erba, Salvatore & Koloskova, Ksenia & Poplawski-Ribeiro, Marcos, 2018. "Medium-term fiscal multipliers during protracted economic contractions," Journal of Macroeconomics, Elsevier, vol. 56(C), pages 35-52.
    19. Curatola, Giuliano & Donadelli, Michael & Gioffré, Alessandro & Grüning, Patrick, 2015. "Austerity, fiscal uncertainty, and economic growth: Insights from fiscally weak EU countries," SAFE Working Paper Series 56, Leibniz Institute for Financial Research SAFE, revised 2015.
    20. Ramey, V.A., 2016. "Macroeconomic Shocks and Their Propagation," Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 71-162, Elsevier.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zbw:espost:175850. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://edirc.repec.org/data/zbwkide.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.