The New Politics of Austerity : Fiscal Responses to Crisis in Ireland and Spain
Dellepiane Avellaneda, Sebastian and Hardiman, Niamh (2012) The New Politics of Austerity : Fiscal Responses to Crisis in Ireland and Spain. Preprint / Working Paper. UCD Geary Institute, Dublin.
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Abstract
This paper adopts a new analytical approach to explaining choices in fiscal politics in Ireland and Spain between 2008 and 2010, in response to international economic crisis. It adopts a comparative cross-national research design to explore why two countries with similar pre-crisis fiscal profiles adopted radically different strategies in the initial phase of the crisis: Ireland adopted an orthodox deficit-reduction strategy, while Spain implemented a ‘heterodox’ stimulus fiscal package. Yet by mid-2010, Spain’s fiscal stance had converged with Ireland’s, as the wider European crisis deepened and the scope for autonomous national policy choice narrowed. The paper tracks this shift in a second stage of the research design, examining within-country variation over time, to provide a nuanced and sophisticated analysis of strategic choices at critical moments. It argues that the shift toward a European politics of austerity is different in a number of important ways from the older politics of fiscal consolidation, and that this has far-reaching implications not only for the evolution of European integration, but also for the balance between democratic politics and transnational markets.
ORCID iDs
Dellepiane Avellaneda, Sebastian
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Item type: Monograph(Preprint / Working Paper) ID code: 48813 Dates: DateEventFebruary 2012PublishedKeywords: new politics, austerity, fiscal responses, crisis, ireland, spain, Political Science, Economic Theory, Political Science and International Relations, Economics, Econometrics and Finance(all) Subjects: Political Science
Social Sciences > Economic TheoryDepartment: Faculty of Humanities and Social Sciences (HaSS) > School of Government and Public Policy > Politics Depositing user: Pure Administrator Date deposited: 25 Jun 2014 13:05 Last modified: 23 Sep 2021 00:57 Related URLs: URI: https://strathprints.strath.ac.uk/id/eprint/48813