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Macroeconomic thought at the European Commission in the 1970s: the first decade of the annual economic reports

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  • I. MAES

    (National Bank of Belgium)

Abstract

The work seeks to better understand how economic thought changes at policy institutions, as compared to academic institutions. The prevalence of academic economics during the 1970s introduced pronounced changes in the Annual Economic Reports of the European Commission. These changes, touted by economic analysts as a naturally complex process, focused primarily on the effect of evolving policy institutions on the economic well-being of the European Commission. One of the most dramatic changes that occurred during the period is the rise of Keynesian economics, which was eventually followed by the dominance of monetarism and supply-side economics.

Suggested Citation

  • I. Maes, 1998. "Macroeconomic thought at the European Commission in the 1970s: the first decade of the annual economic reports," Banca Nazionale del Lavoro Quarterly Review, Banca Nazionale del Lavoro, vol. 51(207), pages 387-412.
  • Handle: RePEc:psl:bnlqrr:1998:42
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    File URL: http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/10603/10487
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    References listed on IDEAS

    as
    1. Feldstein, Martin, 1986. "Supply Side Economics: Old Truths and New Claims," American Economic Review, American Economic Association, vol. 76(2), pages 26-30, May.
    2. Lucas, Robert Jr, 1976. "Econometric policy evaluation: A critique," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 1(1), pages 19-46, January.
    3. Pierre Rosanvallon, 1987. "Histoire des idées keynésiennes en France," Revue Française d'Économie, Programme National Persée, vol. 2(4), pages 22-56.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    European Union; European Commission; Macroeconomics; Keynesian economics;

    JEL classification:

    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian
    • F15 - International Economics - - Trade - - - Economic Integration
    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy

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