What determines the political consequences of financial crises? Ideas, institutions, and society over the long run. Recent financial crises have often had powerful political consequences, including political turnover, rising polarisation and social unrest; but these consequences also vary greatly across countries and over time. In a novel investigation of the political aftermaths of financial crises over two centuries, this project will develop a comprehensive understanding of the causes of this ....What determines the political consequences of financial crises? Ideas, institutions, and society over the long run. Recent financial crises have often had powerful political consequences, including political turnover, rising polarisation and social unrest; but these consequences also vary greatly across countries and over time. In a novel investigation of the political aftermaths of financial crises over two centuries, this project will develop a comprehensive understanding of the causes of this variation. Its theoretical significance lies in its investigation of time-dependent processes that have been largely ignored by existing literature: what shapes the duration of political effects, how are societal expectations about government policy responsibilities (re)shaped by financial crises, and how do such expectations affect political and policy outcomes?Read moreRead less
Applying satellite luminosity data to analyse the redistributive aspects of corruption and rent-seeking. This project applies satellite luminosity data as a proxy for regional economic activity to analyse the redistributive effects of political rent-seeking, corruption and the shadow economy. This project will identify the beneficiaries of rent-seeking, the sources of these rents and political institutions that reduce rent-seeking activities.