Political and Institutional Constraints on Policy Responses to the Financial Crisis in the United States and the European Union Public Deposited

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Last Modified
  • March 22, 2019
Creator
  • Thompson, Christopher Allmon
    • Affiliation: College of Arts and Sciences, Department of Political Science
Abstract
  • This essay will attempt to explain what caused the variation in policy outputs in response to the financial and economic crisis in the United States and the European Union which began in 2007. Specifically, it will examine the design of fiscal and monetary stimulus in both regions, as well as the development of financial supervisory and regulatory legislation. Ultimately it will be shown that the variation in policy outputs was the result of differing constitutional mandates, relation to public opinion, and dominant policy paradigms at the respective central banks; evolving contemporary political trends; and differing concentrations of legislative power, understood from the perspectives of federalism and multi-level governance.
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  • In Copyright
Advisor
  • Hooghe, Liesbet
Degree
  • Master of Arts
Graduation year
  • 2013
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