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Jan 4, 2021
Walter, Stefanie, 2021, "Replication Data for Walter (2016). Crisis politics in Europe: Why austerity is easier to implement in some countries than in others. Comparative Political Studies", https://doi.org/10.7910/DVN/H7HDKZ, Harvard Dataverse, V1, UNF:6:5IPx6NQAy1jQZpeBv2Ci4w== [fileUNF]
When countries face balance-of-payments crises, their policy responses vary widely. This paper argues that the choice between the two main options of internal adjustment (i.e. austerity and structural reforms) and external adjustment (i.e. exchange-rate devaluation) depends on how costly each of these strategies is for a country overall. While the... |