Join us for the upcoming School of Politics and International Relations (SPIR) seminar, co-hosted by the Australian Centre for Federalism: "Fiscal Federalism in an Era of Financialisation," presented by Associate Professor Kyle Hanniman.

Seminar Abstract:
In the normative fiscal federalism literature, central governments are generally assigned three tasks: risk sharing, redistribution, and macroeconomic stabilisation. But the recent efforts to stabilise domestic financial markets in the wake of global financial crises clearly represents a fourth.
In this seminar, Hanniman will discuss a number of these stabilisation efforts in wealthy countries since 2008, with a special emphasis on direct efforts of central banks and governments to stabilise subnational bond markets. It also explores the origins, or implications of these policies from three perspectives:

(1) an economic perspective (broadly aligned with the priorities of first-generation fiscal federal research) exploring the normative implications of financial stabilisation;

(2) a political perspective (broadly aligned with the priorities of second-generation fiscal federal research) exploring variation in these measures across federal systems; and

(3) a historical and macroeconomic perspective (which might provide the foundation for a third-generation of fiscal federalism research) explaining why the measures have become so prevalent now.

Kyle Hanniman is an associate professor of political studies at Queen’s University in Kingston Ontario, Canada. He completed his PhD at the University of Wisconsin-Madison and his BA at St. Thomas University. Before coming to Queen’s, he was a policy associate at the University of Toronto’s Mowat Centre; a post-doctoral fellow at the University of Toronto’s Institute on Municipal Finance and Governance; and a visiting researcher at the European University Institute.

To join this event via Zoom, please follow this link: https://anu.zoom.us/j/81848658332?pwd=8Ya1lNEyggZdQjM6BeKrHxVS6EU7I6.1  
Meeting ID: 818 4865 8332
Password: 229972