Collective Memories on the 2010 European Debt Crisis

36 Pages Posted: 12 Jan 2021

See all articles by Laura Arnemann

Laura Arnemann

University of Mannheim

Kai A. Konrad

Max Planck Institute for Tax Law and Public Finance; Centre for Economic Policy Research (CEPR); CESifo (Center for Economic Studies and Ifo Institute for Economic Research); IZA Institute of Labor Economics

Niklas Potrafke

CESifo (Center for Economic Studies and Ifo Institute)

Multiple version iconThere are 3 versions of this paper

Date Written: January 12, 2021

Abstract

We examine whether collective memories on the aid&reform programs chosen to handle the 2010 European debt crisis differ between citizens from borrower and lender countries. We use new international survey data for non-experts and experts in member countries of the euro area. The results show that non-experts from borrower and lender countries remember aspects of the programs in different manners; indicating biases for assessments of how the crisis outcomes are perceived in borrower and lender countries. Nation-serving biases may well explain if the European debt crisis has reduced the sense of belonging rather than bringing European citizens closer together.

Keywords: Collective memories, European debt crisis, nation-serving biases, aid&reform programmes, experts

JEL Classification: F36, F55, H12, H87

Suggested Citation

Arnemann, Laura and Konrad, Kai A. and Potrafke, Niklas, Collective Memories on the 2010 European Debt Crisis (January 12, 2021). Working Paper of the Max Planck Institute for Tax Law and Public Finance No. 2021-01, Available at SSRN: https://ssrn.com/abstract=3764535 or http://dx.doi.org/10.2139/ssrn.3764535

Laura Arnemann

University of Mannheim ( email )

L 7, 3-5
Mannheim, 68161
Germany

Kai A. Konrad (Contact Author)

Max Planck Institute for Tax Law and Public Finance ( email )

Marstallplatz 1
Munich, 80539
Germany

HOME PAGE: http://www.tax.mpg.de/en/pub/home.cfm

Centre for Economic Policy Research (CEPR)

90-98 Goswell Road
London, EC1V 7RR
United Kingdom

CESifo (Center for Economic Studies and Ifo Institute for Economic Research)

Poschinger Str. 5
Munich, 81679
Germany

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, 53072
Germany

Niklas Potrafke

CESifo (Center for Economic Studies and Ifo Institute) ( email )

Poschinger Str. 5
Munich, DE-81679
Germany

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