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DTSTAMP:20250515T220023Z
DESCRIPTION:“European Integration and the Political Economy of Bad Ideas”\n
 \n\n	Mark Blyth\n		Department of Political Science\, Brown University\n\n	Sept
 ember 28\, 2017 – 3:00 p.m. to 4:25 p.m.\n		Leacock 429\, 51�Թ���
 \n\n	ABSTRACT\n\n	Why do bad policy ideas persist over time? This talk trace
 s the development of the euro’s governing ideas over fiscal and monetary p
 olicy in the face of mounting evidence that continued adherence to those i
 deas was economically deleterious. We argue that a specific form of social
  learning\, framed by a retrospective recoding in 2010–2012 of Europe’s ex
 perience with fiscal rules in 2003–2005\, drove European elites to pursue 
 policies that were economically irrational but politically rational. As a 
 result\, the Eurozone’s medium-term resilience has been made possible by t
 he European Central Bank’s unconventional and loose monetary policies\, wh
 ich operate in direct opposition to the tight fiscal policies of its membe
 r states’ governments. We maintain that this self-defeating macroeconomic 
 policy mix will continue as long as the lessons learned by policymakers ar
 e driven by the need to win what we term an authority contest\, rather tha
 n provide better macroeconomic outcomes.\n\n
DTSTART:20170928T190000Z
DTEND:20170928T203000Z
LOCATION:Rm 429\, Leacock Building\, CA\, QC\, Montreal\, H3A 2T7\, 855 rue
  Sherbrooke Ouest
SUMMARY:The Global Economics of European Populism: Growth Regimes and Party
  System Change in Europe: Mark Blyth and Jonathan Hopkin
URL:/politicalscience/channels/event/global-economics-
 european-populism-growth-regimes-and-party-system-change-europe-mark-blyth
 -and-270568
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