Economic Determinants of Public Opinion About Joining the EMU: The Case of Sweden

Mattias Erlandsson
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Mattias Erlandsson: Department of Economics, School of Economics and Commercial Law, Göteborg University, Postal: Box 640, SE 405 30 GÖTEBORG

No 79, Working Papers in Economics from University of Gothenburg, Department of Economics

Abstract: A potential Swedish membership in the third stage of the EMU (the currency union) will be determined in a referendum. The opinion polls preceding this referendum show strong variability in the Swedish public opinion over the last four years. In this paper I derive a simple theoretical model and test it empirically to establish the economic factors driving the opinion. I find that an increase in the nominal exchange rate variability makes the opinion more in favor of membership, while the opposite is true for unemployment variability.

Keywords: Public opinion; referenda; monetary union (search for similar items in EconPapers)
JEL-codes: D72 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2002-08-09
New Economics Papers: this item is included in nep-eec and nep-ifn
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