1,720,996 research outputs found
Ideational agency and economic policymaking: Ideas, politics, and change in European Political Economy
No full textThis paper critically examines the role of ideas in economic policymaking, focusing on the concept of ideational agency within the field of European Political Economy (EPE). It highlights a paradox in the ideational literature: while early scholarship emphasized the transformative power of ideas in driving policy change, more recent studies have focused on their stabilizing effects as ideas become institutionalized. By analyzing key scholarly contributions and presenting a case study on the evolution of monetary policy in the eurozone, the paper identifies the limitations of frameworks that attribute policy shifts solely to crisis-induced learning or actors’ creativity. Instead, the analysis underscores the pivotal role of political dynamics in enabling ideational agency and the emergence of transformative ideas. The case of the European Central Bank (ECB) illustrates this argument, showing how the institution’s departure from monetary orthodoxy – through quantitative easing and climate-focused policies – was facilitated by political support from eurozone governments and shifting public opinion. These factors provided the legitimacy and leverage needed for the ECB to exercise ideational agency, mobilizing and institutionalizing new ideas that exerted causal influence on policy trajectories. The findings call for a deeper integration of political dimensions into the study of ideational change, offering new insights into how ideas interact with institutional and societal dynamics to shape economic policymaking
Introduction to A tale of two populisms. The League and the Five star Movement in power
Full text linkPolitics in Italy in 2019 revealed a series of discontinuities as well continuities with regard to previous years. The discontinuities were clear: two populist parties–the League and the Five-star Movement–gained power with a platform of radical promises on the social and economic front, even if one of them, the League, left the government prematurely (a sign of its growing electoral strength in the country), allowing the centre-left Democratic Party, which had dominated Italian governing coalitions from 2013, to return to power in Conte II. The continuities were no less obvious: the populist government’s radical promises were substantially 'normalized' due to inescapable macroeconomic constraints and the debt policing powers of the European authorities (‘radicalism meets reality’), as well as barely concealed or open conflict over policy priorities among the coalition partners (‘radicalisms in competition’)
Speaking with one voice in international finance? The EU and the institutional features of global financial regulatory bodies
No full textThis paper asks whether institution-specific features of international financial fora affect the formation of a common EU position. Specifically, building on the literature on global financial governance and transnational policy communities, the paper examines to what extent the nature of the membership – be it political or expert-based – and the scope of the mandate – be it broad or technical – of international financial regulatory body affect the formation of a common EU position. To this end, the paper compares and contrasts the modalities through which the EU is represented in the G20 Leaders and BCBS, outlines the institutional features of these international bodies and presents the empirical evidence of two key case studies with reference to the decision to increase the financial firepower of the IMF (in the G20 Leaders) and the adoption of the Basel III accord (in the BCB
European Banking Union to the Rescue? How Supranational Institutions Influenced Crisis Management in Italy
No full textThis article examines the management of the recent banking crisis in Italy. In particular, we investigate the changing coalitional dynamics among Italian banks with a view to identifying the conditions under which banks are more likely to share the costs of crisis management. We argue that banks’ preferences are significantly shaped by the institutional context within which they operate. In particular, the establishment of Banking Union in the European Union (EU) significantly weakened the traditional coalitional dynamics among Italian banks by injecting uncertainty about the distributional effects of crisis management policy solutions
Replication Data for: Ferrara, F. M., Masciandaro, D., Moschella, M., Romelli, D., 2022. Political voice on monetary policy: Evidence from the parliamentary hearings of the European Central Bank. European Journal of Political Economy, Volume 74, September 2022, 102143.
No full textThe data and programs replicate tables and figures from "Political voice on monetary policy: Evidence from the parliamentary hearings of the European Central Bank", by
Ferrara, F. M., Masciandaro, D., Moschella, M., Romelli, D., European Journal of Political Economy, Volume 74, September 2022, 102143, https://doi.org/10.1016/j.ejpoleco.
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La Banca mondiale e la lotta alla povertà
No full textQuesto capitolo ripercorre sinteticamente l’evoluzione della struttura, del mandato e della mission della Banca Mondiale, dalle origini ad oggi, approfondendone le principali ricadute di policy tramite le lenti concettuali fornite dagli approcci neo-istituzionalista e costruttivista. Sulla scorta di questa disamina, le conclusioni discutono le implicazioni future del cammino fin qui compiuto dalla Banca e dai suoi membri, con particolare riferimento ai temi della riforma della sua governance interna e della efficacia della sua azione sulle dinamiche di sviluppo degli stati partner
Le Nazioni Unite e le operazioni di pace
No full textIl capitolo prende in considerazione i fattori principali che rendono le Nazioni Unite un’organizzazione fondamentale, anche se non sempre efficace, nella promozione della pace e della stabilità internazionale attraverso il meccanismo wilsoniano della sicurezza collettiva. La membership estesa e rappresentativa delle Nazione Unite, infatti, garantisce all’organizzazione un alto grado di legittimità al costo però di divisioni interne che, talvolta, bloccano il processo decisionale. Nel complesso, tuttavia, le operazioni di pace istruite dall’organizzazione hanno avuto un impatto positivo sia nel delegittimare l’uso unilaterale della forza sia nel favorire una certa stabilità nel periodo di transizione che segue la firma di un accordo di pace
Il Fondo Monetario Internazionale e l'assistenza finanziaria
No full textIl Capitolo analizza le funzioni, la governance e l'impatto dell'azione del FMI sulle politiche e il sistema politico dei suoi stati membr
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