Sparpolitik als Antwort auf Finanzmarktkrise und Staatsschuldenkrise? Ein amerikanischer Professor für Internationale Wirtschaftspolitik zeigt in einer historischen und aktuellen Studie die unvermeidbar negativen Folgen der heute in Europa weit verbreiteten Politik auf. (Jürgen Plieninger)

This paper examines effects of political ideology of a governing party on fiscal outcomes, using data from eight Central and Eastern European countries in the 2001-2017 period. The analysis shows that there is a statistically significant effect of conservative governments on fiscal variables,...

Normative political theory is divided on whether questions of distributive justice properly extend beyond the state. From a functionalist perspective, however, justice reflects a balance of material forces, subject to the logics of ‘market' and ‘social' justice, or ‘capitalism' and...

This research note discusses the Euro crisis in Greece in light of the referendum of July the 5th. It lays out the social and political costs of a GREXIT, but also of a continuing austerity policy. It proposes a reform policy fostering growth in Greece and discusses the role of conditionality....

Since the onset of the sovereign debt crisis, the crisis-stricken countries in Europe have been pushed to take drastic steps to consolidate their finances and reduce their budget deficits. Despite strong public opposition and largely damaging short-run effects, the countries have undertaken many...