Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/260238 
Year of Publication: 
2018
Series/Report no.: 
Working Paper No. 2018:9
Publisher: 
Lund University, School of Economics and Management, Department of Economics, Lund
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.
Subjects: 
Euro
public support for the euro
ECB
EU
euro crisis
unemployment
inflation
monetary union
JEL: 
C23
E24
E31
E32
E42
E58
J64
O52
Document Type: 
Working Paper

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