Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/154207
Authors: 
Kalbhenn, Anna
Stracca, Livio
Year of Publication: 
2015
Series/Report no.: 
ECB Working Paper 1774
Abstract: 
In this paper we explore the impact of fiscal austerity on three different dimensions of public opinion (overall life satisfaction and confidence, attitude towards national authorities, and European institutions). Based on a panel of 26 EU countries, we find that, overall, fiscal consolidation episodes tend to have little and inconsistent impact on our measures of public opinion once we include macro controls (real GDP growth, inflation, unemployment, and whether a country is in a EU/IMF program). Some of the circumstances under which consolidation is undertaken are significant in explaining the effect on public opinion, but also these effects are neither strong nor consistent throughout. We conclude that the effect of fiscal consolidation measures on public opinion mainly operates through their effect on the macroeconomy.
Subjects: 
Euroscepticism
fiscal consolidation
primary balance
public opinion
trust
JEL: 
H2
H3
H5
H6
ISBN: 
978-92-899-1587-8
Document Type: 
Working Paper

Files in This Item:
File
Size
941.02 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.