COVID-19 and Public Support for the Euro
(2023) In Working Papers- Abstract
- The COVID-19 pandemic had disastrous effects on health and economic activity worldwide, including in the Euro Area. The application of mandatory lockdowns contributed to a sharp fall in production and a rise in unemployment, inducing an expansionary fiscal and monetary response. Using a uniquely large macro database, this paper examines the effects of the pandemic and the ensuing economic policies on public support for the common currency, the euro, as measured by the Eurobarometer survey. It finds that public support for the euro reached historically high levels in a majority of the 19 Euro Area member states in the midst of the pandemic. This finding suggests that the expansionary fiscal policies initiated at the EU level significantly... (More)
- The COVID-19 pandemic had disastrous effects on health and economic activity worldwide, including in the Euro Area. The application of mandatory lockdowns contributed to a sharp fall in production and a rise in unemployment, inducing an expansionary fiscal and monetary response. Using a uniquely large macro database, this paper examines the effects of the pandemic and the ensuing economic policies on public support for the common currency, the euro, as measured by the Eurobarometer survey. It finds that public support for the euro reached historically high levels in a majority of the 19 Euro Area member states in the midst of the pandemic. This finding suggests that the expansionary fiscal policies initiated at the EU level significantly contributed to this outcome, while the monetary measures taken by the European Central Bank did not have a similar effect. (Less)
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/864c6df4-078d-4a8e-82c5-0118fa604238
- author
- Roth, Felix ; Jonung, Lars LU and Most, Aisada
- organization
- publishing date
- 2023
- type
- Working paper/Preprint
- publication status
- published
- subject
- keywords
- COVID-19, lockdowns, support for the euro, unemployment, inflation, monetary policies, fiscal policies, EU, C23, E24, E42, E52, E62, I18
- in
- Working Papers
- issue
- 2023:1
- pages
- 41 pages
- language
- English
- LU publication?
- yes
- id
- 864c6df4-078d-4a8e-82c5-0118fa604238
- date added to LUP
- 2023-02-27 12:21:22
- date last changed
- 2024-03-08 15:11:10
@misc{864c6df4-078d-4a8e-82c5-0118fa604238, abstract = {{The COVID-19 pandemic had disastrous effects on health and economic activity worldwide, including in the Euro Area. The application of mandatory lockdowns contributed to a sharp fall in production and a rise in unemployment, inducing an expansionary fiscal and monetary response. Using a uniquely large macro database, this paper examines the effects of the pandemic and the ensuing economic policies on public support for the common currency, the euro, as measured by the Eurobarometer survey. It finds that public support for the euro reached historically high levels in a majority of the 19 Euro Area member states in the midst of the pandemic. This finding suggests that the expansionary fiscal policies initiated at the EU level significantly contributed to this outcome, while the monetary measures taken by the European Central Bank did not have a similar effect.}}, author = {{Roth, Felix and Jonung, Lars and Most, Aisada}}, keywords = {{COVID-19; lockdowns; support for the euro; unemployment; inflation; monetary policies; fiscal policies; EU; C23; E24; E42; E52; E62; I18}}, language = {{eng}}, note = {{Working Paper}}, number = {{2023:1}}, series = {{Working Papers}}, title = {{COVID-19 and Public Support for the Euro}}, url = {{https://lup.lub.lu.se/search/files/173497835/WP23_1.pdf}}, year = {{2023}}, }