This chapter describes the consolidation of new macroeconomic regimes in Denmark and the Netherlands in the early 1980s and the end of employment-oriented macroeconomic policies in Austria and Sweden in the late 1980s and early 1990s. The main argument of the chapter is that the policy changes in Austria and Sweden were associated with wider changes in the Austrian and Swedish political models in the late 1980s and early 1990s – a period when Austria and Sweden became, in a certain sense, ordinary European states. The chapter also considers the role of economic ideas and Europeanization.
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