The Politics of Macroeconomic Policies

Online workshop, January 14−15, 2021

Workshop description

The cumulative effect of the 2007−2008 financial crisis, the eurozone crisis, and the COVID-19 pandemic, as well as secular stagnation, have cast doubt on technocratic approaches to economic policy and led to an unusual degree of politicization. Still, political science has not adequately studied the politics of macroeconomic policies in the twenty-first century. It lacks a clear understanding of how the distributive consequences of different economic policies translate into politics, as well as of the patterns of social support for different policies and approaches. What are the voters’ preferences towards different macroeconomic policies? How do different elites create support for their desired policies? What are the electoral consequences of different policies?
This workshop brings together scholars who work on the forefront of this research agenda, featuring papers on the following topics: (1) the politics of growth, (2) fiscal policies, (3) monetary policies, (4) and the politics of economic crises. The workshop aims to nurture novel theoretical approaches and empirical insights into the study of the process by which economic policy is formulated and its relationship with politics. The broad goal is to understand why and how economic policy-making has moved from the technocratic realm of “quiet politics” to the electoral realm of “noisy politics” in recent years and what are the implications of this change. This helps to understand both why politicians sometimes implement economically suboptimal solutions and what the political consequences of these policies are.



Björn Bremer

Lucio Baccaro

MPIfG: Workshop "The Politics of Macroeconomic Policies" | [Last updated 23.12.2020 15:34]