What is it about?
This article explains the fact that the macroeconomic policies which different governments applied in response to the 2008-2010 Great Recession were surprisingly similar. I argue that the reason for this similarity is the adoption of similar macroeconomic decision-making institutions in the years which preceded the crisis, most prominently central bank independence and fiscal rules.
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Why is it important?
My findings show how the institutional architecture of policymaking institutions has a substantial influence on policy choices.
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This page is a summary of: Explaining the Striking Similarity in Macroeconomic Policy Responses to the Great Recession, Comparative Political Studies, September 2015, SAGE Publications,
DOI: 10.1177/0010414015606734.
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