This book combines demand-led growth models and the institutionalist approach, in order to explain the macroeconomic performance of the main European countries in recent years followed by which a coherent explanation of the institutional change since the Great Recession, including the economic policy response to the economic and financial crisis (2008) and to the debt crisis (2010) is provided.

A "Comparative Political Economy" (CPE) analytical framework and provide an institutional base to the different European growth models is built, in general terms over the period 1995-2018. The results allow us to link diverse growth dynamics to the changes of the institutional framework as a consequence of the economic and financial crises. In each chapter for country case studies (France, Germany, Italy, Spain, Greece, Sweden, UK and Poland) there;’s an ntroduction with a general characterization of the country and the most relevant changes that have occurred subsequently (main legislative milestones or changes in the behaviour of social agents) especially the process of dualization or deregulation of European economies. In addition, an analysis of the macroeconomic evolution and the situation of the labour market before and after the crisis from a demand-side perspective is included, concluding with the linkages between both issues and the characterization of the growth model.

This book is of special interest to all the students and university professors who will use this book to be able to follow a multitude of subjects from Applied Economy to International Economic Structure but can also be useful for researchers, doctoral students and teaching staff who want to expand knowledge in the fields of comparative political economy, institutions and the European Union. In general, this book is aimed at anyone interested in expanding their knowledge of the evolution of Europe today.

chapter 1|17 pages


chapter 4|34 pages


Low inequality and latent conflicts. The role of welfare politics in a dual labour market.

chapter 5|37 pages

The mechanics of German capitalism

Dualism and inequality in an export-led economy

chapter 7|33 pages

Italy and the global financial crisis

Moderation, austerity, and populism

chapter 8|44 pages

In the Eye of the Storm

The “success” of the Spanish growth model

chapter 9|27 pages

Changing patterns in a Nordic economy

The crisis that went past Sweden

chapter 11|25 pages

Financial and economic crisis within the EU

Consequences for the Polish banking institutional system

chapter 12|7 pages