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
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
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