Explaining fiscal policy during economic crisis
In the current issue of Governance, Klaus Armingeon of Bern University examines the fiscal policies pursued by many advanced democracies during the first phase of the economic crisis, in 2008-09. The policies purused by these countries varied considerably, Armingeon shows. Unified governments were more likely to respond with expansionary policies. Others, with less policy flexibility, sought to blame international organizations for contractionary policies. Read the article.
