Explaining policy change in the EU: financial reform after the crisis

Abstract: The European Union (EU) has been hit by financial and economic crises since 2008. To shed light upon the impact of these crises, this article reviews punctuated equilibrium theory (PET) to develop expectations that are tested against two cases of financial regulation and privatization policy. In one, despite the demand for a new model from EU leaders, limited change occurred; in the other, despite legal limitations, significant change emerged. Analysis of the cases reveals a new form of policy venue, and the suggestion that the EU PET literature must consider more systematically and explicitly the role of veto players in shaping policy change.

 Fuente: Journal of European Public Policy, Volume 25, 2018 - Issue 5, pp.728-746

Editorial: Taylor & Francis Group. Routledge

 Año de publicación: 2018

Nº de páginas: 19

Tipo de publicación: Artículo de Revista

DOI: 10.1080/13501763.2017.1301535

ISSN: 1350-1763,1466-4429

Proyecto español: APIE 2/2015-17

Proyecto europeo: info:eu-repo/grantAgreement/EC/H2020/726755/EU/Empowering Citizens to TrAnsform European PubLic Administrations/CITADEL/

Url de la publicación: http://dx.doi.org/10.1080/13501763.2017.1301535