Similar but different? Comparing economic policy responses to the Corona Crisis in the UK and Germany
Hancké, Bob ; Van Overbeke, Toon ; Voss, Dustin
London School of Economics and Political Science. Centre for Economic Performance
LSE - London
2021
35 p.
epidemic disease ; economic policy ; government policy ; comparison
LEQS Paper
165/2020
Economic development
https://www.lse.ac.uk/european-institute/Assets/Documents/LEQS-Discussion-Papers/LEQSPaper165.pdf
English
Bibliogr.
"This paper presents a comparative political economic analysis of the policy responses to the Covid-19 crisis in Germany and the UK. These two countries responded to this symmetric economic shock with similar furlough and business loan schemes to stabilize both the demand and supply side of the economy. However, highly different political-economic structures in both countries meant these a priori similar policies produced different results. We argue that this divergence can best be explained through the lens of Varieties of Capitalism's ‘institutional complementarities'."
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