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Fiscal Policy Learning from Crisis: Comparative Analysis of the Baltic Countries

Raudla, R; Cepilovs, A; Kuokštis, V; Kattel, R; (2018) Fiscal Policy Learning from Crisis: Comparative Analysis of the Baltic Countries. Journal of Comparative Policy Analysis: Research and Practice , 20 (3) pp. 288-303. 10.1080/13876988.2016.1244947. Green open access

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Abstract

The experience of a major crisis is often expected to lead to policy learning but the empirical evidence about this is limited. The goal of the paper is to explore comparatively whether the crisis of 2008–2010 has led to fiscal policy learning by civil servants in the three Baltic countries. Despite some differences in the crisis experience, the finance ministry officials in all three countries have identified the same lesson from the crisis: fiscal policy should be counter-cyclical and help to stabilize the economy. The paper also discusses how various factors have influenced policy learning, including the acknowledgment of failure, blame shifting, and analytical tractability.

Type: Article
Title: Fiscal Policy Learning from Crisis: Comparative Analysis of the Baltic Countries
Open access status: An open access version is available from UCL Discovery
DOI: 10.1080/13876988.2016.1244947
Publisher version: https://doi.org/10.1080/13876988.2016.1244947
Language: English
Additional information: This version is the author accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions.
Keywords: policy learning, fiscal policy, crisis, policy bureaucracy, comparative analysis
UCL classification: UCL
UCL > Provost and Vice Provost Offices > UCL BEAMS
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment > Inst for Innovation and Public Purpose
URI: https://discovery.ucl.ac.uk/id/eprint/10051506
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