Revisiting Public Support for the Euro, 1999-2017: Accounting for the Crisis and the Recovery

Felix Roth (), Edgar Baake (), Lars Jonung () and Felicitas Nowak-Lehmann D.
Additional contact information
Edgar Baake: University of Hamburg

No 2018:9, Working Papers from Lund University, Department of Economics

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, we revisit the growing literature on public support for the euro. First, we find that a majority of respondents support the euro in nearly all 19 euro area member states. Second, we offer fresh evidence that economic factors are the main determinants of changes in the level of support for the euro: crisis reduces support while periods of recovery 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: Euro; public support for the euro; ECB; EU; euro crisis; unemployment; inflation; monetary union (search for similar items in EconPapers)
JEL-codes: C23 E24 E31 E32 E42 E58 J64 O52 (search for similar items in EconPapers)
Pages: 31 pages
Date: 2018-04-18
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:

Downloads: (external link)
https://lucris.lub.lu.se/ws/portalfiles/portal/194853386/WP18_9 Full text (application/pdf)

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)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hhs:lunewp:2018_009

Access Statistics for this paper

More papers in Working Papers from Lund University, Department of Economics School of Economics and Management, Box 7080, S-22007 Lund, Sweden. Contact information at EDIRC.
Bibliographic data for series maintained by Iker Arregui Alegria ().