Political Economy

An Independent European Macroeconomics? A History of European Macroeconomics through the Lens of the European Economic Review

Economics in Europe has encountered a process of internationalisation since the 1970s. To a certain extent, this internationalisation is also an ‘Americanisation’ and many European departments and economics have adopted the standards of US economics, notably mathematical modelling, the use of econometrics, and the neoclassical theory as a modelling benchmark. Regarding this process, we can wonder if European economics has just been mimicking US economics since the 1970s, or if some European specialities have survived or emerged.