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Citizens’ attitudes towards the ECB, the euro and Economic and Monetary Union

Stephanie Bergbauer, Nils Hernborg, Jean-Francois Jamet (), Eric Persson and Hanni Schölermann

Economic Bulletin Articles, 2020, vol. 4

Abstract: Building on the literature on trust in institutions, this article looks at the state, evolution and sociodemographic breakdown of citizens’ trust in the ECB and support for the euro. Drawing on a novel typology of attitudes towards Economic and Monetary Union (EMU) and using microdata from Eurobarometer surveys since the introduction of the single currency, the analysis tracks the prevalence of supporters and sceptics of EMU over time and across euro area countries. It further explores the sociodemographic characteristics, economic perceptions and, more broadly, European sentiments within these groups. In this way, it provides insights into the factors shaping citizens’ attitudes towards the ECB, the euro and EMU, and helps identify possible avenues for enhancing trust. The analysis indicates that popular support for EMU – in particular, trust in the ECB – hinges to a large extent on citizens’ perceptions of their personal situation and the overall economic context, as well as their broader attitudes towards the European Union, while other sociodemographic indicators seem to be less relevant. JEL Classification: E58, G53, R10, Z13

Keywords: attitudes towards Economic and Monetary Union; Economic and Monetary Union; EU public opinion; political economy; support for the euro; Trust in the ECB (search for similar items in EconPapers)
Date: 2020-06
Note: 2411794
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Handle: RePEc:ecb:ecbart:2020:0004:1