Spillovers and Euroscepticism

46 Pages Posted: 23 Jun 2015

See all articles by Demosthenes Ioannou

Demosthenes Ioannou

European Central Bank (ECB)

Jean-Francois Jamet

European Central Bank (ECB)

Johannes Kleibl

European Central Bank (ECB)

Date Written: June 23, 2015

Abstract

During the crisis, support for the EU has declined noticeably in many European Union member states. While previous research on European public opinion has mainly focused on the impact of domestic country- and individual-level factors on public attitudes towards the EU, this paper argues that developments in other EU member states can also have a significant impact on domestic euroscepticism. Specifically, deteriorating economic and fiscal conditions in other member states can lead to concerns in domestic publics about possible negative spillovers on the domestic economy and the ability of the EU to deliver positive economic outcomes. This in turn may lead to rising euroscepticism at the domestic level. The analysis of a panel data set for the EU as a whole and the euro area countries lends support to these arguments by showing that higher unemployment rates and government debt levels in other European countries are systematically related to lower levels of trust in the EU domestically.

Keywords: Debt; European Union; Euroscepticism; Spillovers; Unemployment

JEL Classification: D72, E02, F15, H63, J64

Suggested Citation

Ioannou, Demosthenes and Jamet, Jean-Francois and Kleibl, Johannes, Spillovers and Euroscepticism (June 23, 2015). ECB Working Paper No. 1815, Available at SSRN: https://ssrn.com/abstract=2621964

Demosthenes Ioannou

European Central Bank (ECB) ( email )

Sonnemannstrasse 22
Frankfurt am Main, 60314
Germany

Jean-Francois Jamet (Contact Author)

European Central Bank (ECB) ( email )

Sonnemannstrasse 22
Frankfurt am Main, 60314
Germany

Johannes Kleibl

European Central Bank (ECB) ( email )

Sonnemannstrasse 22
Frankfurt am Main, 60314
Germany

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