Talking about growth, the discourse of the European Central Bank, 1997-2021 - Université d'Artois Access content directly
Journal Articles History of Economic Thought and Policy Year : 2022

Talking about growth, the discourse of the European Central Bank, 1997-2021

Abstract

The text proposes an analysis of the way the European Central Bank (ECB) considers the notion of economic growth or its limits and how the question of envi-ronmental risk has become an issue for it. For this purpose, an analysis of the speeches of the members of its board is carried out over the period 1997-2021. An automated statistical analysis of the corpus reveals the standard approach to growth adopted by the ECB. This is followed by a more qualitative reading of the discourse, which shows that the notions of sustainability and the climate crisis are becoming increasingly important in the rhetoric of the ECB, without leading to a radical revision of the way growth is conceived or to a questioning of its limits. In order to expand its discourse and action in the climate field, the ECB is rather pro-ceeding by superimposition, adding new ideas rather than replacing its initial paradigm. In doing so, it protects the legitimacy of its mandate and its epistemic credibility.
Embargoed file
Embargoed file
0 5 1
Year Month Jours
Avant la publication
Thursday, September 26, 2024
Embargoed file
Thursday, September 26, 2024
Please log in to request access to the document

Dates and versions

hal-03788323 , version 1 (26-09-2022)

Identifiers

Cite

Eric Dehay. Talking about growth, the discourse of the European Central Bank, 1997-2021. History of Economic Thought and Policy, 2022, 1, pp.61-82. ⟨10.3280/SPE2022-001004⟩. ⟨hal-03788323⟩
36 View
12 Download

Altmetric

Share

Gmail Facebook X LinkedIn More