Mad about Austerity? The Effect of Fiscal Consolidation on Public Opinion
研究了1997-2017年间26个欧盟国家财政紧缩对消费者信心、对本国当局和欧洲机构态度的影响,发现紧缩对舆论的独立影响不大,且主要跟随其对经济活动的冲击。
Abstract We explore the impact of fiscal austerity on three different dimensions of public opinion in 26 European Union countries (consumer confidence, attitude toward national authorities, and European institutions) on annual data between 1997 and 2017. Our main finding is that the independent effect of a tighter fiscal stance on public opinion is not large and, when present, seems to closely follow the impact of fiscal austerity on economic activity. Our results therefore are inconsistent with the view that fiscal austerity necessarily implies a negative effect on public opinion and a decline in popularity of national and European institutions.