European Economic Governance
Etablissement : ESPOL European School of Political and Social Sciences
Langue : Non spécifié.
Formation(s) dans laquelle/lesquelles le cours apparait :
- Master’s in Multilevel Governance in Europe [ECTS : 6,00]
Période : S2
This course builds on the MGE core courses that students attended in first semester
This course builds on the main conceptual tools students learned during the first semester in the course Governance, and investigates one of the key features of the European Union, namely European Economic Governance. In order to make the Single Market work, the European Union and its member states are repeatedly confronted with the challenge of coordinating and integrating diverse national economic models and policies. The location of power in this process is repeatedly contested. How can we make sense of European Economic Governance? Where does decision-making power reside? This course is designed to enable students to develop their own research on these questions.
The course is divided in two main parts, one more lecture based, one more discussion based. In the first six sessions of the course, students will learn about the main current features of European Economic Governance, how they originated, and they main political disputes they channel. Subsequently, students are asked to start their own research about the locus of power in European economic governance: is decision-making power located more at the supranational or intergovernmental level, are technocratic institutions more powerful than democratic institutions, or do economic interests have a bigger voice than social interests? The final examination of this course consists in a 4000 word paper (excl bibliography) in which students extensively investigate one of these questions.
Sessions 6-12 will be devoted to students’ in-class presentations and in-class discussions. During the presentations students will have the possibility to present their idea for their final essay.
Examination
– 10% in class participation
– 30% in class presentation
– 60% final essay
READING LIST
Session 1: The political economy of the EU
Karremans, J. and Z. Lefkofridi (2020) ‘The Political Economy of the EU’. In: E. Vivares (ed.) The Routlegdge Handbook of Global Political Economy (2020 edition), London: Routledge: 472-487.
Wasserfallen, F. (2023). The politics of fiscal integration in Eurozone reforms and Next Generation EU. Cambridge Handbook on European Monetary, Economic, and Financial Market Integration.
Bokhorst, D., & Corti, F. (2023). Governing Europe’s Recovery and Resilience Facility: Between Discipline and Discretion. Government and Opposition, 1-17.
Session 2 : The European Semester
Verdun, A., & Zeitlin, J. (2018). Introduction: the European Semester as a new architecture of EU socioeconomic governance in theory and practice. Journal of European public policy, 25(2), 137-148.
Haas, J. S., D’Erman, V. J., Schulz, D. F., & Verdun, A. (2020). Economic and fiscal policy coordination after the crisis: is the European Semester promoting more or less state intervention?. JOURNAL OF EUROPEAN INTEGRATION, 42(3), 327-344.
Karremans, J and J. Kaltenleithner (2021) ‘Is Austrian budgetary policy still “political”? A cross-time comparison of budget speeches’, Austrian Journal of Political Science, 50(1): 1-14.
Session 3: Integration of diverse national economies
D’Erman, V., Haas, J., Schulz, D. F., & Verdun, A. (2019). Measuring economic reform recommendations under the European Semester:‘One size fits all’or Tailoring to Member States?. Journal of Contemporary European Research, 15(2), 194-211.
Alison Johnston & Aidan Regan (2018) Introduction: Is the European Union Capable of Integrating Diverse Models of Capitalism?, New Political Economy, 23:2, 145-159
Lehner, T., & Wasserfallen, F. (2019). Political conflict in the reform of the Eurozone. European Union Politics, 20(1), 45-64.
Session 4: The ECB and the Monetary Union
Moschella, M. (2024) Unexpected Revolutionaries: How Central Banks Made and Unmade Economic Orthodoxy, Cornell University Press. Chapter 5
De Grauwe, Paul, and Yuemei Ji. “From Panic-Driven Austerity to Symmetric Macroeconomic Policies in the Eurozone.” Journal of Common Market Studies, vol. 51, no. Annual Review, September 2013, pp. 31-41.
Session 5: Governing and Regulating Finance
Braun, B., Gabor, D., & Hübner, M. (2018). Governing through financial markets: Towards a critical political economy of Capital Markets Union. Competition & Change, 22(2), 101-116.
Karremans J. and M. Schoeller (2020) ‘MiFID II between European rule-making and national market surveillance: The case of high-frequency-trading’. In: Heritier, A. and M. Schoeller (eds) Governing Finance in Europe: A Centralisation of Rule-making?, Edward Elgar Publishing: 32-51.
Session 6: Power between Council, Commission and Parliaments
Copeland, P. (2022). The Juncker Commission as a politicising bricoleur and the renewed momentum in Social Europe. JCMS: Journal of Common Market Studies, 60(6), 1629-1644.
Maricut, A., & Puetter, U. (2018). Deciding on the European Semester: the European Council, the Council and the enduring asymmetry between economic and social policy issues. Journal of European Public Policy, 25(2), 193-211.
Crum, B. (2018). Parliamentary accountability in multilevel governance: what role for parliaments in post-crisis EU economic governance?. Journal of European Public Policy, 25(2), 268-286.
Bressanelli, E., & Chelotti, N. (2018). The European Parliament and economic governance: explaining a case of limited influence. The Journal
