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financial crisis

November 22, 2021

Bailed-out governments did not lose policy-making discretion during the Eurozone crisis

Catherine Moury Catherine Moury, Stella Ladi, Daniel Cardoso and Angie Gago argue that bailed-out governments during the Eurozone crisis exercised more leverage than assumed. Despite international market pressure and creditors’ conditionality, bailed-out governments were able to advocate, resist, shape or roll back some of the policies demanded by the EU’s Troika Read more
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 Read more
April 30, 2021

Biden’s minimum corporate tax rate could destroy Ireland’s economic growth model, leaving the country in uncharted territory

Anna Guildea The Biden administration’s 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

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Advancing Political Science
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