DEFLATION, AUSTERITY AND THE RISE OF FAR-RIGHT

Jakub Szabó ()
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Jakub Szabó: Fakulta medzinárodných vzťahov, Ekonomická univerzita v Bratislave

Almanach (Actual Issues in World Economics and Politics), 2020, vol. 15, issue 1, 65-79

Abstract: The issue of the rise of far-right parties dominates the political discourse. This paper considers a proposition made by former Greek finance minister Y. Varoufakis, linking the current rise of far-right in Europe, to the emergence of Nazism in Germany. We identified three factors contributing to the rise of far-right: (1) debt-deflationary spiral, (2) austerity policy and (3) Gold Standard/Eurozone type of monetary union. The authors attempted to answer a research question by composing a regression analysis,setting the Harmonized Consumer Price Index as an independent variable and the political preferences of selected far-right parties as a dependent variable.

Keywords: deflation; austerity; far-right; League; Golden Dawn; Vox (search for similar items in EconPapers)
JEL-codes: E31 F50 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:brv:almnch:v:10:y:2020:i:1:p:66-79

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