The dog that would never bite? The past and future of the Stability and Growth Pact

This paper analyses the underlying reasons for the creation of the Stability and Growth Pact (SGP) and its subsequent development in recent years. The paper examines the economic and political factors behind it, including the role of economic ideas, experts, politicians, institutional arrangements in the Maastricht Treaty, domestic politics, and the exceptional position of Germany in the realm of monetary integration in the EU. It concludes that a set of commonly held beliefs together with a corresponding power-political constellation explain the creation of the SGP. -- Das Papier analysiert die grundlegenden Bedingungen für das Zustandekommen des Stabilitäts- und Wachstumspakts (SGP) und seiner Entwicklung in den Folgejahren. Es werden ökonomische und politische Faktoren untersucht, insbesondere die Rolle wirtschaftspolitischer Vorstellungen und den Einfluss von Experten, Politikern, institutioneller Regelungen im Maastricht Vertrag, innenpolitischer Vorgänge und die Sonderstellung Deutschlands im Bereich der Europäischen Währungsunion. Die gemeinschaftlichen wirtschaftspolitischen Vorstellungen werden als notwendige Bedingung für die Schaffung des Paktes aufgefasst, und ihr Zusammentreffen mit einer entsprechenden machtpolitischen Spielkonstellation wird als dessen hinreichende Erklärung verstanden.

I’m Doing Better on My Own: Social Inhibition in Vocabulary Learning in Adults

Published: 05 June 2019Vocabulary learning is better achieved by children facing a teacher than when presented to the same teacher through video (so-called “video deficit” effect), which has significant implications for toddlers’ education. Since millions of adults also learn new vocabulary when acquiring a second language (L2), it is important to explore whether adults suffer from “video deficit” effects, as children do. In the present study, we report two experiments in which Spanish native late learners of English were involved in a vocabulary learning task. In Experiment 1, participants had to learn English (L2) labels associated to real objects. In Experiment 2, participants had to learn English (L2) and Spanish (L1) labels associated to novel objects. In both experiments, vocabulary learning was divided into three conditions: In the NoFace condition, participants were presented with the objects and their auditory labels, through video. In the Video condition, a teacher was showing the objects and uttering their names, through video. The Live condition was equivalent, except that the teacher was facing the participants in the room. Each condition was followed by a recall test. Better learning in Video compared to NoFace condition revealed that adults benefit from the teacher’s display with direct gaze, confirming the fundamental role of face display with direct gaze in social communication in adults. Interestingly, adults learned better through Video than in the Live condition. Those results were obtained in L2 vocabulary learning in both Experiments 1 and 2, and also generalized to native language in Experiment 2. We argue that adults suffer from social inhibition, meaning that they perform worse when in the presence of another person during task performance. In sum, we show that video-mediated teaching might not be detrimental for adults learning new vocabulary lists, as it is the case for young children. These results might have important implications for pedagogical programs targeting adults’ second language vocabulary learning, since proper acquisition of vocabulary list can be achieved through video including a teacher’s display.This research was funded by a grant from the FP7/2007–2013 Cooperation grant agreement 613465-AThEME, an ERC grant from the European Research Council (ERC-2011-ADG-295362), grants from the Spanish Government (PSI2014-54500, PSI2015-65694, and PSI2017-82941-P), and from the Basque Government (PI_2015_1_25 and PIBA18_29)

The EMU Stability and Growth Pact: Is it dead? If so, does it matter?

IN DECEMBER 2004, the new Barroso Commission brought the saga of the French and German infringements of the Stability and Growth Pact to a close by lifting the "excessive deficit" procedure launched in 2003. That same month, the Commission launched infringement proceedings against Greece that has been providing inaccurate public deficit statistics since the creation of the Pact in 1997. The new head of the Commission also declared that there would be no major overhaul of the Pact. In the November 2003 crisis, when the Council suspended the implementation of the Pact at a time France and Germany overshot its deficit ceiling, most observers called the Pact dead and many rejoiced since the Stability and Growth Pact had come under heavy criticism for some time. A year after, we asked four leading scholars that have studied monetary integration: have news of the death of the Stability and Growth pact been grossly exaggerated? Should it be resuscitated? Why or why not? Amy Verdun and Nicolas Jabko argue that the Pact will survive for lack of an alternative able to gather the support of a large bipartisan cross-national coalition. Henrik Enderlein then argues that the pact should not be fixed but broken. Finally, Andrew Martin explains why the real problem does not so much lie with the Pact per se, but instead with the philosophy behind the EMU policy mix (restrictive fiscal and monetary policies). It creates vicious circles: By keeping economic growth too low the European central bank retarded the expansion of public revenue, making it more difficult to meet the Pact requirements

On the mark? Responses to a sting

A series of responses to John Bohannon's "sting" operation on OA journals