All Along the Watch Tower - Academic staff

All Along the Watch Tower: The European Central Bank and Legitimation Strategies in Times of Crisis

Research output: Contribution to journal › Journal article › Research › peer-review

Standard

All Along the Watch Tower : The European Central Bank and Legitimation Strategies in Times of Crisis. / Christensen, Signe Elmer; Nedergaard, Peter.

In: Journal of Common Market Studies, Vol. 62, No. 2, 2023, p. 451-467.

Research output: Contribution to journal › Journal article › Research › peer-review

Harvard

Christensen, SE & Nedergaard, P 2023, 'All Along the Watch Tower: The European Central Bank and Legitimation Strategies in Times of Crisis', Journal of Common Market Studies, vol. 62, no. 2, pp. 451-467. https://doi.org/10.1111/jcms.13510

APA

Christensen, S. E., & Nedergaard, P. (2023). All Along the Watch Tower: The European Central Bank and Legitimation Strategies in Times of Crisis. Journal of Common Market Studies, 62(2), 451-467. https://doi.org/10.1111/jcms.13510

Vancouver

Christensen SE, Nedergaard P. All Along the Watch Tower: The European Central Bank and Legitimation Strategies in Times of Crisis. Journal of Common Market Studies. 2023;62(2):451-467. https://doi.org/10.1111/jcms.13510

Author

Christensen, Signe Elmer ; Nedergaard, Peter. / All Along the Watch Tower : The European Central Bank and Legitimation Strategies in Times of Crisis. In: Journal of Common Market Studies. 2023 ; Vol. 62, No. 2. pp. 451-467.

Bibtex

@article{f99703241f514fe89ef82055a7631075,

title = "All Along the Watch Tower: The European Central Bank and Legitimation Strategies in Times of Crisis",

abstract = "How does the European Central Bank (ECB) legitimise its decisions and monetary policy programmes in the period from 2009 to 2021 in terms of input, throughput and output legitimacy? This article contains an answer to this important question based on a content analysis of speeches made by the presidents of the ECB. Ideally, the institution is founded on its independence and therefore cannot maintain legitimacy through public influence. This article proves that there are clearly most references on output legitimacy in the ECB's legitimation strategy, showing that it highlights its results as an independent institution to compensate for its lack of democratic channels in terms of legitimacy. Generally, in times of crises, there is an increase in frequency of references to legitimacy. During these periods, ECB actors also more frequently refer to throughput legitimacy in speeches, showing that the institution is in fact sensitive to public criticism.",

keywords = "COVID-19 crisis, economic crisis, European Central Bank, legitimation, output legitimacy, throughput legitimacy, COVID-19 crisis, economic crisis, European Central Bank, legitimation, output legitimacy, throughput legitimacy",

author = "Christensen, {Signe Elmer} and Peter Nedergaard",

note = "Publisher Copyright: {\textcopyright} 2023 The Authors. JCMS: Journal of Common Market Studies published by University Association for Contemporary European Studies and John Wiley & Sons Ltd.",

year = "2023",

doi = "10.1111/jcms.13510",

language = "English",

volume = "62",

pages = "451--467",

journal = "Journal of Common Market Studies",

issn = "0021-9886",

publisher = "Wiley-Blackwell",

number = "2",

}

RIS

TY - JOUR

T1 - All Along the Watch Tower

T2 - The European Central Bank and Legitimation Strategies in Times of Crisis

AU - Christensen, Signe Elmer

AU - Nedergaard, Peter

PY - 2023

Y1 - 2023

N2 - How does the European Central Bank (ECB) legitimise its decisions and monetary policy programmes in the period from 2009 to 2021 in terms of input, throughput and output legitimacy? This article contains an answer to this important question based on a content analysis of speeches made by the presidents of the ECB. Ideally, the institution is founded on its independence and therefore cannot maintain legitimacy through public influence. This article proves that there are clearly most references on output legitimacy in the ECB's legitimation strategy, showing that it highlights its results as an independent institution to compensate for its lack of democratic channels in terms of legitimacy. Generally, in times of crises, there is an increase in frequency of references to legitimacy. During these periods, ECB actors also more frequently refer to throughput legitimacy in speeches, showing that the institution is in fact sensitive to public criticism.

AB - How does the European Central Bank (ECB) legitimise its decisions and monetary policy programmes in the period from 2009 to 2021 in terms of input, throughput and output legitimacy? This article contains an answer to this important question based on a content analysis of speeches made by the presidents of the ECB. Ideally, the institution is founded on its independence and therefore cannot maintain legitimacy through public influence. This article proves that there are clearly most references on output legitimacy in the ECB's legitimation strategy, showing that it highlights its results as an independent institution to compensate for its lack of democratic channels in terms of legitimacy. Generally, in times of crises, there is an increase in frequency of references to legitimacy. During these periods, ECB actors also more frequently refer to throughput legitimacy in speeches, showing that the institution is in fact sensitive to public criticism.

KW - COVID-19 crisis

KW - economic crisis

KW - European Central Bank

KW - legitimation

KW - output legitimacy

KW - throughput legitimacy

KW - COVID-19 crisis

KW - economic crisis

KW - European Central Bank

KW - legitimation

KW - output legitimacy

KW - throughput legitimacy

U2 - 10.1111/jcms.13510

DO - 10.1111/jcms.13510

M3 - Journal article

AN - SCOPUS:85162673965

VL - 62

SP - 451

EP - 467

JO - Journal of Common Market Studies

JF - Journal of Common Market Studies

SN - 0021-9886

IS - 2

ER -

ID: 370110737

Department of Political Science