Lars Jonung
Professor emeritus
COVID-19 and Public Support for the Euro
Författare
Summary, in English
The COVID-19 pandemic had disastrous effects on health and economic activity worldwide, including in the Euro Area. The application of mandatory lockdowns contributed to a sharp fall in production and a rise in unemployment, inducing an expansionary fiscal and monetary response. Using a uniquely large macro database, this paper examines the effects of the pandemic and the ensuing economic policies on public support for the common currency, the euro, as measured by the Eurobarometer survey. It finds that public support for the euro reached historically high levels in a majority of the 19 Euro Area member states in the midst of the pandemic. This finding suggests that the expansionary fiscal policies initiated at the EU level significantly contributed to this outcome, while the monetary measures taken by the European Central Bank did not have a similar effect.
Avdelning/ar
- Nationalekonomiska institutionen
Publiceringsår
2023
Språk
Engelska
Publikation/Tidskrift/Serie
Working Papers
Issue
2023:1
Fulltext
Dokumenttyp
Working paper
Ämne
- Economics
Nyckelord
- COVID-19
- lockdowns
- support for the euro
- unemployment
- inflation
- monetary policies
- fiscal policies
- EU
- C23
- E24
- E42
- E52
- E62
- I18
Status
Published