The Network Structure of Economic Policy Expertise in Germany and the United States during the Great Recession

23 Pages Posted: 28 Jun 2017

Date Written: June 27, 2017

Abstract

This article shows how the network structure of economic expertise can influence the diffusion of ideas and economic policymaking in times of crisis. Applying social network analysis, we analyse the networks of economic policy advice in the United States and Germany around the Council of Economic Advisors and the Sachverständigenrat. With the help of co-publication and institutional affiliation data, we argue that the more fragmented structure of academic expertise in Germany fostered continuity in the austerity paradigm by providing fewer channels for the diffusion of ideas, while the more connected nature of economic expertise in the United States facilitated the diffusion of ideas and quicker changes in dominant ideas about economic intervention.

Keywords: Economists, Expertise, Council of Economic Advisors, SVR

JEL Classification: B30, A11, A14

Suggested Citation

Flickenschild, Michael and Afonso, Alexandre, The Network Structure of Economic Policy Expertise in Germany and the United States during the Great Recession (June 27, 2017). Available at SSRN: https://ssrn.com/abstract=2993188 or http://dx.doi.org/10.2139/ssrn.2993188

Michael Flickenschild

Leiden University ( email )

Postbus 9500
Leiden, Zuid Holland 2300 RA
Netherlands

Alexandre Afonso (Contact Author)

Leiden University ( email )

Postbus 9500
Leiden, Zuid Holland 2300 RA
Netherlands

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