Economic policymaking shifted away from neoliberal ideals towards ‘crisis’ Keynesianism during the COVID-19 pandemic. We use a comparative process tracing approach to examine how political and economic actors in Britain, Germany and the USA attempt to legitimise a potential return to neoliberalism to voters. We show that pro-neoliberal actors discursively construct a ‘crisis’ of COVID-Keynesianism by associating it with rising inflation and ‘unsustainable’ levels of government spending. Whilst emphasising key neoliberal policies of maintaining low inflation and fiscal conservativism to establish a return to ‘normal’ neoliberal policymaking. Therefore, we explain how the neoliberal policy paradigm reasserts itself when challenged.

中文翻译：

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在英国、德国和美国制造的 COVID-凯恩斯主义危机

在 COVID-19 大流行期间，经济决策从新自由主义理想转向“危机”凯恩斯主义。我们使用比较过程追踪方法来研究英国、德国和美国的政治和经济行为者如何试图使选民回归新自由主义的可能性合法化。我们表明，支持新自由主义的行为者通过将其与不断上升的通货膨胀和“不可持续”的政府支出水平联系起来，散漫地构建了 COVID-凯恩斯主义的“危机”。同时强调维持低通胀和财政保守主义的关键新自由主义政策，以建立回归“正常”的新自由主义政策制定。因此，我们解释了新自由主义政策范式在受到挑战时如何重新确立自己的地位。