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https://doi.org/10.17645/pag.v11i4.7175
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Collective Policy Learning in EU Financial Assistance: Insights from the Euro Crisis and Covid‐19
[Zeitschriftenartikel]
Abstract This article examines policy change in the EU's financial assistance regime through a collective learning perspective. By defining a financial assistance regime as the set of rules governing the disbursement and withdrawal of funding to the member states in the context of crisis management, the arti... mehr
This article examines policy change in the EU's financial assistance regime through a collective learning perspective. By defining a financial assistance regime as the set of rules governing the disbursement and withdrawal of funding to the member states in the context of crisis management, the article seeks to address the following research question: How can we explain the exact form of change in the EU's financial assistance regime between the euro crisis and the Covid-19 pandemic? The article finds that financial assistance in the EU moved from "intergovernmental coordination" with the European Stability Mechanism to a form of "limited supranational delegation" with the Recovery and Resilience Facility and argues that such a change is due to a collective policy-learning process. This finding suggests that the EU tends to learn from past crisis experiences, freeing itself from established institutional constraints, only when the next crisis becomes a concrete cause for concern. However, when the next crisis strikes, the EU is indeed able to radically alter its practices based on previous policy failures.... weniger
Thesaurusschlagwörter
EU; politischer Wandel; Finanzhilfe; Resilienz; Krisenmanagement; Konjunkturaufschwung
Klassifikation
Öffentliche Finanzen und Finanzwissenschaft
Wirtschaftspolitik
Europapolitik
Freie Schlagwörter
Covid‐19; European Stability Mechanism; European Union; Recovery and Resilience Facility; collective learning
Sprache Dokument
Englisch
Publikationsjahr
2023
Seitenangabe
S. 40-51
Zeitschriftentitel
Politics and Governance, 11 (2023) 4
Heftthema
Comparative Fiscal Federalism and the Post-Covid EU: Between Debt Rules and Borrowing Power
ISSN
2183-2463
Status
Veröffentlichungsversion; begutachtet (peer reviewed)