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of its existence. We detect a similar, but less pronounced upturn in trust in the ECB during the recovery. Our …
Persistent link: https://www.econbiz.de/10011984438
The coronavirus pandemic triggered strong political action across Europe. Mandatory restrictions to increase social distancing were imposed, commonly known as lockdowns. In some cases, entire countries were virtually locked down for several weeks at a time, contributing to a very severe downturn...
Persistent link: https://www.econbiz.de/10014551793
the European Central Bank (ECB) have evolved in these three countries since their introduction at the turn of the century … in Sweden. Since the start of the crisis, trust in the ECB was strongly influenced by the pronounced increase in … unemployment in the euro area, demonstrating that the ECB was held accountable for macroeconomic developments. Our results indicate …
Persistent link: https://www.econbiz.de/10012268758
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...
Persistent link: https://www.econbiz.de/10013208809
This chapter examines the evolution of public support for the euro and public trust in the European Central Bank (ECB … a sharp fall in trust in the ECB. The recent economic recovery has strengthened support for the euro as well as trust in … the ECB. We suggest that support for the euro as a medium of exchange was not strongly affected by the crisis, while trust …
Persistent link: https://www.econbiz.de/10013208851
the European Central Bank (ECB) have evolved in these three countries since their introduction at the turn of the century … in Sweden. Since the start of the crisis, trust in the ECB was strongly influenced by the pronounced increase in … unemployment in the euro area, demonstrating that the ECB was held accountable for macroeconomic developments. Our results indicate …
Persistent link: https://www.econbiz.de/10013208882
The EU's fiscal rules, set out in the Maastricht Treaty of 1993 and the Stability and Growth Pact of 1997, are anchored to GDP. The debt ceiling and the deficit threshold are set to 60 percent and 3 percent of GDP, respectively. Recently, prominent economists and policymakers, have argued that...
Persistent link: https://www.econbiz.de/10013208911
grown rapidly in many EU member states. The ECB has carried out a highly expansionary monetary policy. In this paper, we …
Persistent link: https://www.econbiz.de/10014318974
The recent financial crisis starting in 2007–2009 is the longest and the deepest recession since the Great Depression of 1930. The crisis that originated in the US subprime mortgage markets spread and amplified through international financial markets and resulted in severe debt crises in...
Persistent link: https://www.econbiz.de/10009793393
Persistent link: https://www.econbiz.de/10012511043