Fredrik N G Andersson
Associate professor
European Stabilisation Policy After the COVID-19 Pandemic: More Flexible Integration or More Federalism?
Author
Editor
- Antonina Bakardjieva Engelbrekt
- Per Ekman
- Anna Michalski
- Lars Oxelheim
Summary, in English
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.
Department/s
- Department of Economics
Publishing year
2023-01-25
Language
English
Pages
103-132
Publication/Series
The EU between Federal Union and Flexible Integration : Interdisciplinary European Studies
Document type
Book chapter
Publisher
Palgrave Macmillan
Topic
- Economics
Keywords
- Monetary policy
- Fiscal policy
- Stabilization policy
- European Union
- ECB
- Crises
- E6
- F42
- H6
Status
Published
ISBN/ISSN/Other
- ISBN: 978-3-031-22396-9
- ISBN: 978-3-031-22397-6