Danat exposure radicalized Nazi voting beyond the income losses it caused

Evidence

Table 4, panels A and B hence suggest that, while the economic repercussions of the banking crisis were severe, the crisis itself had electoral effects above and beyond the direct economic impact. — Sebastian Doerr et al., Financial Crises and Political…, 113

Categorization

• XREF: This is the canonical mediation-analysis result — connects to Acharya et al. 2016 and Dippel et al. 2016 methodology debates on Sobel-Goodman limitations. — connects to: Income losses from bank collapse radicalize voters more than equivalent general income declines — Sebastian Doerr et al., Financial Crises and Political…, 108; Anti-finance sentiment alone cannot explain the Danat effect on Nazi voting — Sebastian Doerr et al., Financial Crises and Political…, 141; Nazi vote share gained an extra 2.5 percentage points in Danat-exposed cities. — Sebastian Doerr et al., Financial Crises and Political…, 96 (+15 more)

Broader Connections

• The Danat collapse boosted Nazi votes beyond nationwide crisis effects #corroborates (0.92) — Sebastian Doerr et al., Financial Crises and Political…, 150
• Danatbank exposure raised Nazi vote share across multiple federal elections. #corroborates (0.85) — Sebastian Doerr et al., Financial Crises and Political…, 254
• Anti-Semitic cultural context magnified the Danat crisis’s radicalizing effect #expands (0.82) — Sebastian Doerr et al., Financial Crises and Political…, 151
• Local Jewish financial presence did not amplify the Danat effect on Nazi voting #complicates (0.80) — Sebastian Doerr et al., Financial Crises and Political…, 142