This review sets out a recently developed comparative political economy literature on the
Eurozone, which has a basis in both varieties of capitalism and modern macroeconomics. It …

We study the implications of the Great Recession for voting for antiestablishment parties, as
well as for general trust and political attitudes, using regional data across Europe. We find a …

The introduction of a central bank digital currency (CBDC) allows the central bank to engage
in large-scale intermediation by competing with private financial intermediaries for deposits …

We adapt simple tools from computational linguistics to construct a new measure of political
risk faced by individual US firms: the share of their quarterly earnings conference calls that …

Starting in the early 1990s, countries in southern Europe experienced low productivity
growth alongside declining real interest rates. We use data for manufacturing firms in Spain …

Neoliberal economic theories are powerful because their domestic translators make them go
local, hybridizing global scripts with local ideas. This does not mean that all local …

Over the past four decades, government debt as a fraction of GDP has been on an upward
trajectory in advanced economies, approaching levels not reached since World War II. While …

The 2015 general election marked the end of the two-party system that had existed in Spain
since the restoration of democracy. Two new parties,'Podemos' and 'Ciudadanos', entered …

Between 2000 and 2012, the Portuguese economy grew less than the United States during
the Great Depression and less than Japan during its lost decade. This paper asks why this …

We study whether the solvency problems of Spain's weakest banks in the Great Recession
have caused employment losses outside the financial sector. Our analysis focuses on the …