What Determines the Political Consequences of Financial Crises? Ideas, Institutions, and Society Over the Long Run

Grant number: DP140101877 | Funding period: 2014 - 2018

Completed

Abstract

Recent financial crises have often had powerful political consequences, including political turnover, rising polarisation and social unrest; but these consequences also vary greatly across countries and over time. In a novel investigation of the political aftermaths of financial crises over two centuries, this project will develop a comprehensive understanding of the causes of this variation. Its theoretical significance lies in its investigation of time-dependent processes that have been largely ignored by existing literature: what shapes the duration of political effects, how are societal expectations about government policy responsibilities (re)shaped by financial crises, and how do such ..

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