Political economy of crisis management in East-Central European countries

Myant, Martin ; Drahokoupil, Jan ; Lesay, Ivan

DOI:	https://doi.org/10.1080/09668136.2013.779460
URL:	http://www.tandfonline.com/doi/abs/10.1080/0966813...
Document Type:	Article
Year of publication:	2013
The title of a journal, publication series:	Europe Asia Studies
Volume:	65
Issue number:	3
Page range:	383-410
Place of publication:	New York, NY [u.a.]
Publishing house:	Routledge, Taylor & Francis Group
ISSN:	0966-8136 , 1465-3427
Publication language:	English
Institution:	Außerfakultäre Einrichtungen > Mannheim Centre for European Social Research - Research Department A
Subject:	300 Social sciences, sociology, anthropology
Abstract:	The financial and economic crisis in the Central and East European countries raised the profile of economic policy themes that relate to the role of taxation and state spending. The key policy differences related to public budgets and support for a demand stimulus. Responses fall broadly into two categories that we link to a social-democratic and a neo-liberal response. The distinction indicates that the policy responses were linked to the party affiliation of the government on the left–right spectrum. There were some remarkable common trends that cannot be explained by the logical requirements of the economic situation alone. There are differences in timing and in severity, but every country has at some point moved towards a policy of balancing the budget by making cuts. In all cases there were cuts in benefits for marginal groups in society and a switch towards indirect rather than direct taxes. These carry clear distributional implications.

Dieser Eintrag ist Teil der Universitätsbibliographie.

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Myant, Martin ; Drahokoupil, Jan ; Lesay, Ivan (2013) Political economy of crisis management in East-Central European countries. Europe Asia Studies New York, NY [u.a.] 65 3 383-410 [Article]

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