European Monetary Union Reform Preferences of French and German Parliamentarians
46 Pages Posted: 29 Nov 2017
Date Written: 2017
This study analyzes results from an original survey of members of the French and German parliaments (Assemblée Nationale, Sénat and Bundestag) on economic policies and institutions of the Eurozone. We find that French politicians are significantly more supportive of Eurobonds, a European unemployment insurance scheme, and an active monetary policy by the ECB than German politicians. At the same time, there are significant differences along party lines, which are often quantitatively more important than differences in nationality. Left-leaning members of parliaments are in favor of new policy instruments at the European or Eurozone level, but are skeptical about the fiscal constraints of the Fiscal Compact. There is widespread consensus across parties and countries that more investment at national levels is warranted.
Keywords: EMU reforms, policy preferences, elite survey, members of national parliament, comparative politics
JEL Classification: E60, E62, F15, H60
Suggested Citation: Suggested Citation