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 Read more
The Biden administration‚Äôs plans to introduce a global minimum corporate tax rate, while bringing benefits to the world economy, will have a crushing effect on economies such as Ireland, which has used low corporate tax rates as an engine of economic growth, writes Anna Guildea Read more
In 2020 Germany promoted a bold European response to the corona crisis, involving common EU debt. This contrasts starkly with its position a decade before, when it favoured austerity over fiscal stimulus and debt pooling. Lucas Schramm and Amandine Crespy argue that the specific nature of the corona crisis reconfigured Germany‚Äôs national interests in Europe Read more
While socialist parties in Europe struggle in times of austerity, the Portuguese left has found a winning strategy, write Catherine Moury and Elisabetta de Giorgi. Combining discrete austerity measures with some visible anti-austerity ones, they have managed to please constituency and supporting partners alike Read more
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