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European Stabilisation Policy After the COVID-19 Pandemic: More Flexible Integration or More Federalism?

Andersson, Fredrik N G LU and Jonung, Lars LU (2023) p.103-132
Abstract
Crises are a major driving force behind cooperation in the European Union. During severe crises, cooperation has been enlarged and intensified. The Ukrainian war and the covid-19 pandemic are two examples of this pattern, not least when it comes to the conduct of stabilization policies in the EU. In this chapter, we discuss the implications for the EU of a move towards increased fiscal federalism. First, the role of crises as a driver of political change is analysed. Next, we examine in greater detail, the effect of crises on the design of stabilisation policies in the EU since the introduction of the euro, the common currency. Finally, we discuss the significance of the recent pandemic-induced steps towards increased federalism for the... (More)
Crises are a major driving force behind cooperation in the European Union. During severe crises, cooperation has been enlarged and intensified. The Ukrainian war and the covid-19 pandemic are two examples of this pattern, not least when it comes to the conduct of stabilization policies in the EU. In this chapter, we discuss the implications for the EU of a move towards increased fiscal federalism. First, the role of crises as a driver of political change is analysed. Next, we examine in greater detail, the effect of crises on the design of stabilisation policies in the EU since the introduction of the euro, the common currency. Finally, we discuss the significance of the recent pandemic-induced steps towards increased federalism for the EU. We raise the question as to whether this is a desirable path for the future of European cooperation. (Less)
Please use this url to cite or link to this publication:
author
and
organization
publishing date
type
Chapter in Book/Report/Conference proceeding
publication status
published
subject
keywords
Monetary policy, Fiscal policy, Stabilization policy, European Union, ECB, Crises, E6, F42, H6
host publication
The EU between Federal Union and Flexible Integration : Interdisciplinary European Studies - Interdisciplinary European Studies
editor
Bakardjieva Engelbrekt, Antonina ; Ekman, Per ; Michalski, Anna and Oxelheim, Lars
edition
1
pages
103 - 132
publisher
Palgrave Macmillan
external identifiers
  • scopus:85160504863
ISBN
978-3-031-22397-6
978-3-031-22396-9
DOI
10.1007/978-3-031-22397-6_5
language
English
LU publication?
yes
id
c66a8b15-a9f4-4fc3-93b7-ddc2f0a715b8
date added to LUP
2023-02-09 13:34:31
date last changed
2024-06-15 01:25:37
@inbook{c66a8b15-a9f4-4fc3-93b7-ddc2f0a715b8,
  abstract     = {{Crises are a major driving force behind cooperation in the European Union. During severe crises, cooperation has been enlarged and intensified. The Ukrainian war and the covid-19 pandemic are two examples of this pattern, not least when it comes to the conduct of stabilization policies in the EU. In this chapter, we discuss the implications for the EU of a move towards increased fiscal federalism. First, the role of crises as a driver of political change is analysed. Next, we examine in greater detail, the effect of crises on the design of stabilisation policies in the EU since the introduction of the euro, the common currency. Finally, we discuss the significance of the recent pandemic-induced steps towards increased federalism for the EU. We raise the question as to whether this is a desirable path for the future of European cooperation.}},
  author       = {{Andersson, Fredrik N G and Jonung, Lars}},
  booktitle    = {{The EU between Federal Union and Flexible Integration : Interdisciplinary European Studies}},
  editor       = {{Bakardjieva Engelbrekt, Antonina and Ekman, Per and Michalski, Anna and Oxelheim, Lars}},
  isbn         = {{978-3-031-22397-6}},
  keywords     = {{Monetary policy; Fiscal policy; Stabilization policy; European Union; ECB; Crises; E6; F42; H6}},
  language     = {{eng}},
  month        = {{01}},
  pages        = {{103--132}},
  publisher    = {{Palgrave Macmillan}},
  title        = {{European Stabilisation Policy After the COVID-19 Pandemic: More Flexible Integration or More Federalism?}},
  url          = {{http://dx.doi.org/10.1007/978-3-031-22397-6_5}},
  doi          = {{10.1007/978-3-031-22397-6_5}},
  year         = {{2023}},
}