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Conflicting Incentives for Public Support for EMU

Listed author(s):
  • Brigitte Granville
  • Dominik Nagly

type="main"> We analyse how government policy can exert a positive influence on public attitudes towards the Economic and Monetary Union given the existing fiscal policy framework and thus increase the likelihood of survival of the Eurozone. Results from applying the Brender and Drazen (‘Consolidation of New Democracy, Mass Attitudes, and Clientelism’, The American Economic Review, Vol. 99, No. 2, pp. 304–309) political economy model indicate the extent of the difficulty of maintaining public support for the monetary union.

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File URL: http://hdl.handle.net/10.1111/manc.12108
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Article provided by University of Manchester in its journal The Manchester School.

Volume (Year): 83 (2015)
Issue (Month): (December)
Pages: 142-157

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Handle: RePEc:bla:manchs:v:83:y:2015:i::p:142-157
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  1. Agnello, Luca & Castro, Vitor & Jalles, João Tovar & Sousa, Ricardo M., 2015. "What determines the likelihood of structural reforms?," European Journal of Political Economy, Elsevier, vol. 37(C), pages 129-145.
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  8. Varadarajan V. Chari & Patrick J. Kehoe, 2008. "Time Inconsistency and Free-Riding in a Monetary Union," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 40(7), pages 1329-1356, October.
  9. Adi Brender & Allan Drazen, 2009. "Consolidation of New Democracy, Mass Attitudes, and Clientelism," American Economic Review, American Economic Association, vol. 99(2), pages 304-309, May.
  10. Stephen S. Golub, 1994. "Comparative Advantage, Exchange Rates, and Sectoral Trade Balances of Major Industrial Countries," IMF Staff Papers, Palgrave Macmillan, vol. 41(2), pages 286-313, June.
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  29. Philip R. Lane, 2012. "The European Sovereign Debt Crisis," Journal of Economic Perspectives, American Economic Association, vol. 26(3), pages 49-68, Summer.
  30. Kevin H. O'Rourke & Alan M. Taylor, 2013. "Cross of Euros," Journal of Economic Perspectives, American Economic Association, vol. 27(3), pages 167-192, Summer.
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