Weathering the Global Financial Crisis - Is Direct Democracy of any Help?

Mario Jametti ()

IdEP Economic Papers from USI Università della Svizzera italiana

Abstract: The global financial crisis and the European debt crisis have loomed large over the globe, with severe consequences on government finances in many countries. Switzerland has fared relatively well throughout this crisis. In this paper, surveying a selection of empirical research on Switzerland, we argue that direct democracy might be one (but not the only) reason why Switzerland has weathered the storm exceptionally well.

Keywords: Fiscal Direct democracy; Financial Crisis (search for similar items in EconPapers)
JEL-codes: D72 H77 R50 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2014
New Economics Papers: this item is included in nep-pol
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Persistent link: https://EconPapers.repec.org/RePEc:lug:wpidep:1405

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