Lars Jonung
Professor emeritus
Revisiting Public Support for the Euro, 1999–2017 : Accounting for the Crisis and the Recovery
Författare
Summary, in English
This contribution explores the evolution and determinants of public support for the euro since its creation in 1999 until the end of 2017, thereby covering the pre-crisis experience of the euro, the crisis years and the recent recovery. Using uniquely large macro and micro databases and applying up-to-date econometric techniques, the authors revisit the growing literature on public support for the euro. First, we find that a majority of citizens support the euro in nearly all 19 euro area member states. Second, we offer fresh evidence that economic factors are important determinants of change in the level of support for the euro: Crisis reduces support while periods of recovery from unemployment bode well for public support. This result holds for both macroeconomic and microeconomic factors. Turning to a broad set of socioeconomic variables, we find clear differences in support due to education and perceptions of economic status.
Avdelning/ar
- Nationalekonomiska institutionen
Publiceringsår
2022
Språk
Engelska
Sidor
21-45
Publikation/Tidskrift/Serie
Contributions to Economics
Dokumenttyp
Del av eller Kapitel i bok
Förlag
Springer Science and Business Media B.V.
Ämne
- Economics
Nyckelord
- Economic and Monetary Union
- Euro area crisis
- Euro area recovery
- Public support for the euro
- Unemployment
Status
Published
ISBN/ISSN/Övrigt
- ISSN: 1431-1933
- ISSN: 2197-7178
- ISBN: 978-3-030-86023-3