What determines the political consequences of financial crises? Ideas, institutions, and society over the long run

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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?