August 9, 2021
Left-wing austerity during international crises – it’s the financial markets, stupid!
Damian Raess
Surprisingly, left governments adopted more conservative fiscal policies than right governments in recent economic crises. Governments did not choose these policies freely; rather, the financial markets imposed them. Nonetheless, argues Damian Raess, they appear to have dire electoral consequences: left-leaning voters are increasingly voting with their feet
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