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A Dialogue between a Populist and an Economist

Author

Listed:
  • Spilimbergo, Antonio
  • Boeri, Tito
  • Mishra, Prachi
  • Papageorgiou, Chris

Abstract

In this imaginary dialogue, a populist and an economist discuss the role of economic shocks to explain populism. A simple correlation between economic shocks and populism is weak. However, economic shocks can explain well the phenomenon of populism in countries with low pre-existent level of trust. This is confirmed both at the macro cross-country level and also by micro evidence obtained from surveys. Finally, this finding is consistent with the “ideational approach†in political science, which emphasizes how the populist narrative opposes the “corrupt elite†to the “virtuous people.â€

Suggested Citation

  • Spilimbergo, Antonio & Boeri, Tito & Mishra, Prachi & Papageorgiou, Chris, 2018. "A Dialogue between a Populist and an Economist," CEPR Discussion Papers 12763, C.E.P.R. Discussion Papers.
    • Handle: RePEc:cpr:ceprdp:12763
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    References listed on IDEAS

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    1. Luigi Guiso & Helios Herrera & Massimo Morelli & Tommaso Sonno, 2017. "Demand and Supply of Populism," EIEF Working Papers Series 1703, Einaudi Institute for Economics and Finance (EIEF), revised Feb 2017.
    2. Yann Algan & Sergei Guriev & Elias Papaioannou & Evgenia Passari, 2017. "The European Trust Crisis and the Rise of Populism," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 48(2 (Fall)), pages 309-400.
    3. Guiso, Luigi & Herrera, Helios & Morelli, Massimo & Sonno, Tommaso, 2018. "Populism: Demand and Supply," CEPR Discussion Papers 11871, C.E.P.R. Discussion Papers.
    4. Inglehart, Ronald F. & Norris, Pippa, 2016. "Trump, Brexit, and the Rise of Populism: Economic Have-Nots and Cultural Backlash," Working Paper Series 16-026, Harvard University, John F. Kennedy School of Government.
    5. Yann Algan & Sergei Guriev & Elias Papaioannou & Evgenia Passari, 2017. "The European Trust Crisis and the Rise of Populism," Post-Print hal-02381560, HAL.
    6. repec:hal:spmain:info:hdl:2441/2i9jel1usb85nr2j7tejsaldfu is not listed on IDEAS
    7. repec:hal:spmain:info:hdl:2441/1divsbu8t888r9vqektjbmlqoa is not listed on IDEAS
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    Cited by:

    1. Jakub Grossmann & Stepan Jurajda, 2023. "Voting under Debtor Distress," CERGE-EI Working Papers wp744, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    2. Aristotelis Boukouras & Will Jennings & Lunzheng Li & Zacharias Maniadis, 2019. "Can Biased Polls Distort Electoral Results? Evidence from the Lab and the Field," Levine's Working Paper Archive 786969000000001528, David K. Levine.
    3. Eugenio Levi & Isabelle Sin & Steven Stillman, 2021. "Understanding the Origins of Populist Political Parties and the Role of External Shocks," CESifo Working Paper Series 9036, CESifo.
    4. Arnstein Aassve & Gianmarco Daniele & Marco Le Moglie, 2018. "Never Forget the First Time: The Persistent Effects of Corruption and the Rise of Populism in Italy," BAFFI CAREFIN Working Papers 1896, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
    5. K. Peren Arin & Efstathios Polyzos & Marcel Thum, 2023. "The Populist Voter: A Machine Learning Approach for the Individual Characteristics," CESifo Working Paper Series 10472, CESifo.

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    More about this item

    Keywords

    Populism; Europe; Political parties;
    All these keywords.

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • A10 - General Economics and Teaching - - General Economics - - - General

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