Revisiting public support for the euro, 1999-2017: Accounting for the crisis and the recovery

Felix Roth (), E. Baake, Lars Jonung () and Felicitas Nowak-Lehmann D.
Authors registered in the RePEc Author Service: Felicitas Nowak-Lehmann D.

No 1/18, Discussion Papers from Europa-Kolleg Hamburg, Institute for European Integration

Abstract: This paper 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, this paper revisits the growing literature on public support for the euro. First, we find a majority of citizens support the euro in nearly all 19 euro area member states. Second, we offer fresh evidence that economic factors are the main 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 socio-economic variables, we find clear differences in support due to education and perceptions of economic status.

Keywords: public support for the euro; euro area; euro crisis; economic recovery; unemployment; inflation; Economic and Monetary Union (search for similar items in EconPapers)
Date: 2018
New Economics Papers: this item is included in nep-eec and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Related works:
Chapter: Revisiting Public Support for the Euro, 1999–2017: Accounting for the Crisis and the Recovery (2022)
Journal Article: Revisiting Public Support for the Euro, 1999–2017: Accounting for the Crisis and the Recovery (2019)
Working Paper: Revisiting Public Support for the Euro, 1999-2017: Accounting for the Crisis and the Recovery (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ekhdps:118

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