In the Shifting Shadows of Crisis: Pivot Points, Crisis Attribution, and Macro-Economic Policies under Grand Coalition

Dyson, Kenneth Herbert Fewster ORCID: https://orcid.org/0000-0002-6162-8729 2010. In the Shifting Shadows of Crisis: Pivot Points, Crisis Attribution, and Macro-Economic Policies under Grand Coalition. German Politics 19 (3-4) , pp. 393-415. 10.1080/09644008.2010.515786

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Abstract

This article seeks to explain why the second Grand Coalition was less ambitious in pursuing systemic transformation in macro-economic policy than its predecessor in 1966–69; why the biggest financial and economic crisis in post-war German history produced the seeming paradox of strengthening ordo-liberal ideas and practices (notably the ‘debt brake’) and shifting political discourse towards the centre-left; and why, in contrast to the first Grand Coalition, the Federal Chancellor rather than the Federal Finance Minister was the major political beneficiary. March 2003 and September 2008 emerge as the ‘pivot’ points in shifting trajectories of policy development. The article examines how the dynamics of crisis attribution, and how they differ in character post-2003 and post-2008, are decisive in understanding the direction of policy trajectories.

Item Type:	Article
Date Type:	Publication
Status:	Published
Schools:	Department of Politics and International Relations (POLIR)
Subjects:	H Social Sciences > HC Economic History and Conditions J Political Science > JN Political institutions (Europe)
Publisher:	Taylor & Francis
ISSN:	0964-4008
Last Modified:	18 Oct 2022 13:34
URI:	https://orca.cardiff.ac.uk/id/eprint/14411

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