| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP9679 |
| DP9679 A Cultural Clash View of the EU Crisis | |
| Luigi Guiso; Massimo Morelli; Helios Herrera | |
| 发表日期 | 2013-10-06 |
| 出版年 | 2013 |
| 语种 | 英语 |
| 摘要 | If voters of different countries adhere to different and deeply rooted cultural norms, when these countries interact their leaders may find it impossible to agree on effcient policies especially in hard times. Political leaders?actions are bound by a ?conformity constraint?that requires them to express policies that do not violate these norms. This inhibits politicians from adopting the optimal policies as they may clash with either one or the other of the cultures of the interacting countries. We model this mechanism and argue that conformity constraints and cultural clash can help us understand the poor management of the Greek crisis and the resulting European Sovereign debt crisis. We show the conditions under which the introduction in Europe of a fiscal union can be obtained with consensus and be beneficial. Perhaps counter-intuitively, cultural diversity makes a fiscal union even more desirable. |
| 主题 | Financial Economics |
| 关键词 | Conformity constraint Culture Debt crisis Fiscal union |
| URL | https://cepr.org/publications/dp9679 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/538515 |
| 推荐引用方式 GB/T 7714 | Luigi Guiso,Massimo Morelli,Helios Herrera. DP9679 A Cultural Clash View of the EU Crisis. 2013. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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