Institutional Change after the Great Recession

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Basel III
Category=JP
Category=KCF
Category=KCP
Code Du Travail
comparative political economy
Current Account Balance
demand-led growth
Deposit Guarantee Fund
economic crisis response
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eq_business-finance-law
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eq_nobargain
eq_non-fiction
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EU Average
Euro Area
European Central Bank
European institutional change case studies
European Union's Economic Governance
European Union’s Economic Governance
GDP Decline
Gdp Decrease
Gdp Growth
Great Recession
institutional reform
Italian Sovereign Debt
Italy's Gdp
labour market dynamics
Low Skill Services
macroeconomic policy analysis
Negative Relationship
SGP's Reform
SGP’s Reform
SSM Regulation
Swedish Model
Temporary Employment Rate
UK Financial Sector
Van Treeck
Wage Devaluation
Wage Share

Product details

  • ISBN 9781032007243
  • Weight: 580g
  • Dimensions: 156 x 234mm
  • Publication Date: 31 May 2023
  • Publisher: Taylor & Francis Ltd
  • Publication City/Country: GB
  • Product Form: Paperback
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This book combines demand-led growth models and the institutionalist approach, in order to explain the macroeconomic performance of the main European countries in recent years followed by which a coherent explanation of the institutional change since the Great Recession, including the economic policy response to the economic and financial crisis (2008) and to the debt crisis (2010) is provided.

A "Comparative Political Economy" (CPE) analytical framework and provide an institutional base to the different European growth models is built, in general terms over the period 1995-2018. The results allow us to link diverse growth dynamics to the changes of the institutional framework as a consequence of the economic and financial crises. In each chapter for country case studies (France, Germany, Italy, Spain, Greece, Sweden, UK and Poland) there;’s an ntroduction with a general characterization of the country and the most relevant changes that have occurred subsequently (main legislative milestones or changes in the behaviour of social agents) especially the process of dualization or deregulation of European economies. In addition, an analysis of the macroeconomic evolution and the situation of the labour market before and after the crisis from a demand-side perspective is included, concluding with the linkages between both issues and the characterization of the growth model.

This book is of special interest to all the students and university professors who will use this book to be able to follow a multitude of subjects from Applied Economy to International Economic Structure but can also be useful for researchers, doctoral students and teaching staff who want to expand knowledge in the fields of comparative political economy, institutions and the European Union. In general, this book is aimed at anyone interested in expanding their knowledge of the evolution of Europe today.

Luis Cárdenas holds a PhD in Economics from the Complutense University of Madrid. He is also an associate researcher at the Complutense Institute for International Studies (ICEI) and is Associate Professor of Macroeconomics at the Universidad Complutense. He has been also a visiting researcher at the National Autonomous University of Mexico (UNAM). His research has been focused on macroeconomic analysis and labor economics, and it has been published in articles in Structural Change and Economic Dynamics, Cambridge Journal of Economics, British Journal of Industrial Relations, International Labour Review, Review of Keynesian Economics, Spanish Journal of Economics and Finance, among others.

Javier Arribas currently works as Associate Lecturer at the Complutense University of Madrid and at the Rey Juan Carlos University. He holds a Ph. D. in Economics at the Universidad Complutense, Madrid. The Ph. D. was funded by a doctoral research fellowship granted by the Madrid City Hall. He has been Visiting Lecturer and Visiting researcher in Quito (Ecuador) or Mar del Plata (Argentina). His research has been focused on public services, institutional economy and History of economic thought. His research line includes publications in Journal of Economic Issues or Ola Financiera.