The Politics of Tough Budgets – Fiscal Responses to Crisis in Ireland, Spain, Portugal, and Greece
Files in This Item:
|Dellepiane_and_Hardiman,_The_Politics_of_Tough_Budgets_in_Ireland,_Spain,_Portugal_and_Greece._Jan_2013_draft_.pdf||868.62 kB||Adobe PDF||Download|
|Title:||The Politics of Tough Budgets – Fiscal Responses to Crisis in Ireland, Spain, Portugal, and Greece||Authors:||Hardiman, Niamh||Permanent link:||http://hdl.handle.net/10197/4230||Date:||27-Apr-2012||Abstract:||The global financial crisis opened large budget deficit and public debt problems in the countries of the Eurozone periphery - Greece, Ireland, Portugal, Spain. All have been required to adopt budget retrenchment measures, particulary so for the three once they entered EU-IMF loan programmes. This paper analyses the dynamics of fiscal responses to the crisis across the four cases, using the content of budget decisions and the profile of budgetary outcomes as the principal primary data. These countries provide interesting variation on several dimensions : in the origins of the crisis (with different mixes of public and private debt), in initial responses to crisis (prioritizing an expansionary or contractionary stance), in the composition of budget adjustment (revenue-raising or expenditure-cutting), and in the evolution of their budgetary stance over time. The paper uses the full resources of case study methods to examine the policy configurations that underpin commonality and variation, and to expose the elements involved in complex casual processes. This analytical strategy enables us to investigate the political economy conditions underpinning fiscal policy choices in hard times.||Type of material:||Other||Keywords:||Economic policy; Ireland; Greece; Portugal; Spain||Language:||en||Status of Item:||Not peer reviewed||Conference Details:||Invited talk at The Institute for European, Russian and Eurasian Studies (IERES), Friday, April 27, 2012, Washington, DC|
|Appears in Collections:||Politics and International Relations Research Collection|
Show full item record
This item is available under the Attribution-NonCommercial-NoDerivs 3.0 Ireland. No item may be reproduced for commercial purposes. For other possible restrictions on use please refer to the publisher's URL where this is made available, or to notes contained in the item itself. Other terms may apply.