COVID-19 and public support for the Euro
(2024) In Empirica 51(1). p.61-86- 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 increased in a majority of the 19 Euro Area member states and reached historically high levels in the midst of the pandemic. This finding suggests that the expansionary fiscal policies initiated at the EU level... (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 increased in a majority of the 19 Euro Area member states and reached historically high levels 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/be3a1d0c-600a-44f3-ad20-553106e64249
- author
- Roth, Felix ; Jonung, Lars LU and Most, Aisada
- organization
- publishing date
- 2024
- type
- Contribution to journal
- publication status
- published
- subject
- in
- Empirica
- volume
- 51
- issue
- 1
- pages
- 26 pages
- publisher
- Springer
- external identifiers
-
- scopus:85179994470
- ISSN
- 1573-6911
- DOI
- 10.1007/s10663-023-09596-7
- language
- English
- LU publication?
- yes
- id
- be3a1d0c-600a-44f3-ad20-553106e64249
- date added to LUP
- 2023-12-18 10:56:42
- date last changed
- 2024-08-28 13:25:04
@article{be3a1d0c-600a-44f3-ad20-553106e64249, 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 increased in a majority of the 19 Euro Area member states and reached historically high levels 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}}, issn = {{1573-6911}}, language = {{eng}}, number = {{1}}, pages = {{61--86}}, publisher = {{Springer}}, series = {{Empirica}}, title = {{COVID-19 and public support for the Euro}}, url = {{http://dx.doi.org/10.1007/s10663-023-09596-7}}, doi = {{10.1007/s10663-023-09596-7}}, volume = {{51}}, year = {{2024}}, }