Global Finance and the U.S. Growth Agenda

Major, Aaron

doi:10.11126/stanford/9780804788342.003.0006

Cited by 2 publications

(3 citation statements)

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“…The integration of European monetary policy, in particular the Stability and Growth Pact, also means that Sweden (despite not being part of the European monetary union and issuing its own currency) can only to a lesser extent pursue a divergent monetary policy. If measures to manage economic crises are primarily financed by the state, the state’s expenditures would increase in the face of a system-wide economic crisis, which in turn triggers budget deficits and, in the long run, results in cuts in the public sector – so-called austerity policies (Jordà and Taylor, 2016; Major, 2014; Schui, 2014). Transferring the responsibility for managing job-to-job transition to the social partners can thus be regarded as a way to ensure that crises are taken care of where they arise so that they do not generate excessive costs for the state.…”

Section: Discussionmentioning

confidence: 99%

It takes change to remain the same: The transformation of Swedish government policy making in economic crises and the involvement of social partners

Bergström

Styhre

2021

Economic and Industrial Democracy

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The government responses to the corona crisis across the world has actualized an old debate regarding the role of the state and government policy making in economic crises. This debate should, the authors of this article argue, be understood in the context of how government policy making has been transformed in advanced capitalist economies in the past five decades and recent theoretical developments regarding the role of actors and institutions involved in the production and dissemination of ideas in such transformations. Drawing on an extensive review of policy making and changes in policy making doctrines, this article examines the role of government public investigations in the transformation of the Swedish government policy making in relation to economic crises where the state supports policy making through social partners.

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Section: Discussionmentioning

confidence: 99%

It takes change to remain the same: The transformation of Swedish government policy making in economic crises and the involvement of social partners

Bergström

Styhre

2021

Economic and Industrial Democracy

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“…Starting in 2010, this monitoring mechanism imposed economic disciplinary regulations and certain austerity measures to be implemented in order to be eligible for bailout packages [2]. Hence, as a reaction to adverse financial circumstances, austerity emerged as the predominant policy response for multiple EU governments [3].…”

Section: Introductionmentioning

confidence: 99%

“…Mladovsky (2012) categorised the different approaches on how austerity measures have been applied in the context of the healthcare sector [11]. EU countries' policies were categorised into three major areas: (1) Measures that led to changes in the financing of health systems, such as the introduction of co-payments; (2) Measures that changed the scope of health services provided, such as Spain limiting its health services for migrants; (3) Measures that were intended to reduce the costs of publicly funded health care, such as wage cuts for healthcare workers [12]. An overview of all applied austerity measures can be found in Supplementary material 1.…”

Section: Introductionmentioning

confidence: 99%

A scoping review on the impact of austerity on healthcare access in the European Union: rethinking austerity for the most vulnerable

Doetsch

Schlösser

Barros

et al. 2023

Int J Equity Health

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Background There is consensus that the 2008 financial and economic crisis and related austerity measures adversely impacted access to healthcare. In light of the growing debt caused by the COVID-19 crisis, it is uncertain whether a period of austerity will return. Objective This study aims to provide a structured overview of the impact of austerity policies in the EU-28 zone, applied in response to the Great Recession, on access to health care for the adult population, using the five access dimensions by Levesque et al. (2013). Methods This study followed the PRISMA extension for Scoping Reviews guideline. Medline (PubMed) and Web of Science were searched between February 2021 and June 2021. Primary studies in the English language published after the 1st of January 2008 reporting on the possible change in access to the healthcare system for the adult population induced by austerity in an EU28 country were included. Results The final search strategy resulted in 525 articles, of which 75 studies were reviewed for full-text analysis, and a total of 21 studies were included. Results revealed that austerity policy has been primarily associated with a reduction in access to healthcare, described through four main categories: i) Increase in rates of reported unmet needs (86%); ii) Affordability (38%); iii) Appropriateness (38%); iv) and Availability and Accommodation (19%). Vulnerable populations were more affected by austerity measures than the general population when specific safeguards were not in place. The main affected adult vulnerable population groups were: patients with chronic diseases, elderly people, (undocumented) migrants, unemployed, economically inactive people and individuals with lower levels of education or socioeconomic status. Conclusion Austerity measures have led to a deterioration in access to healthcare in the vast majority of the countries studied in the EU-28 zone. Findings should prompt policymakers to rethink the fiscal agenda across all policies in times of economic crisis and focus on the needs of the most vulnerable populations from the health perspective.

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Global Finance and the U.S. Growth Agenda

Cited by 2 publications

References 0 publications

It takes change to remain the same: The transformation of Swedish government policy making in economic crises and the involvement of social partners

It takes change to remain the same: The transformation of Swedish government policy making in economic crises and the involvement of social partners

A scoping review on the impact of austerity on healthcare access in the European Union: rethinking austerity for the most vulnerable

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