Article (Scientific journals)
A Panacea for all Times: the Politics of the German Stability Culture
HOWARTH, David; Rommerskirchen, Charlotte
2013In West European Politics, 36 (4), p. 750-770
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Keywords :
Inflation; Economic and Monetary Union; Germany
Abstract :
[en] The German Stability Culture is frequently pointed to in the literature as the source of the country’s low inflationary policies and, at the European Union (EU) level, the design of Economic and Monetary Union (EMU). In Germany, the term was regularly wielded by central bankers and Christian Democrat (CDU-CSU) politicians to legitimise the move to EMU in the face of a large majority of public opinion opposed, and subsequent EU-level policy developments, particularly in the context of the eurozone debt crisis that erupted in 2009. An ordered probit analysis is used to demonstrate the depth of the German Stability Culture, showing that support for low inflation cuts across all party and ideological lines. Despite this ubiquity, the term has been wielded with regularity only by the centre-right Christian Democrats and is strongly associated with this party. A strategic constructivist analysis is employed to explain this uneven but persistent usage in German domestic politics.
Disciplines :
Political science, public administration & international relations
Author, co-author :
HOWARTH, David  ;  University of Luxembourg > Faculty of Language and Literature, Humanities, Arts and Education (FLSHASE) > Identités, Politiques, Sociétés, Espaces (IPSE)
Rommerskirchen, Charlotte
Language :
English
Title :
A Panacea for all Times: the Politics of the German Stability Culture
Publication date :
July 2013
Journal title :
West European Politics
ISSN :
0140-2382
eISSN :
1743-9655
Publisher :
Routledge
Volume :
36
Issue :
4
Pages :
750-770
Peer reviewed :
Peer Reviewed verified by ORBi
Available on ORBilu :
since 02 August 2013

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