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. 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.

    Creators(s): Dellepiane Avellaneda, Sebastian ORCID logoORCID: https://orcid.org/0000-0003-0318-8611 and Hardiman, Niamh;
    Item type:Monograph(Working paper)
    ID code:48813
    Keywords: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 Theory
    Department: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:17 Jan 2021 01:53
    Related URLs:
    URI:https://strathprints.strath.ac.uk/id/eprint/48813
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