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

Research output: Contribution to journalArticle

Standard

Revisiting Public Support for the Euro, 1999–2017 : Accounting for the Crisis and the Recovery. / Roth, Felix; Baake, Edgar; Jonung, Lars; Nowak-Lehmann D., Felicitas.

In: Journal of Common Market Studies, 12.07.2019.

Research output: Contribution to journalArticle

Harvard

APA

CBE

MLA

Vancouver

Author

RIS

TY - JOUR

T1 - Revisiting Public Support for the Euro, 1999–2017

T2 - Journal of Common Market Studies

AU - Roth, Felix

AU - Baake, Edgar

AU - Jonung, Lars

AU - Nowak-Lehmann D., Felicitas

PY - 2019/7/12

Y1 - 2019/7/12

N2 - This article 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.

AB - This article 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.

KW - economic and monetary union

KW - euro area crisis

KW - euro area recovery

KW - public support for the euro

KW - unemployment

UR - http://www.scopus.com/inward/record.url?scp=85068903827&partnerID=8YFLogxK

U2 - 10.1111/jcms.12892

DO - 10.1111/jcms.12892

M3 - Article

JO - Journal of Common Market Studies

JF - Journal of Common Market Studies

SN - 0021-9886

ER -