| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP11071
|
| DP11071 Psychological Costs of Currency Transition: Evidence from Euro Adoption |
| José Tavares; Olga Popova
|
| 发表日期 | 2016-01-24
|
| 出版年 | 2016
|
| 语种 | 英语
|
| 摘要 | We analyze individual levels of life satisfaction in Slovakia, after that country adopted the Euro, following a spirited debate. We gauge the psychological cost of transition to the new currency by comparing individual life satisfaction, not only before and after Euro introduction, but by comparison with individuals with similar characteristics in the neighboring Czech Republic, which did not adopt the Euro. Both countries were economically and politically integrated for decades, and share similar macroeconomic indicators just before the currency change in Slovakia. We find evidence of substantial psychological costs of currency transition, which are especially important for the old, the unemployed, those with low education and in households with children. We believe these results suggest the importance of information and enlightened debate before a sweeping change in economic context such as the adoption of a new currency. |
| 主题 | International Macroeconomics and Finance
; Monetary Economics and Fluctuations
|
| 关键词 | Euro
Currency transition
Subjective well-being
Czech republic
Slovakia
|
| URL | https://cepr.org/publications/dp11071
|
| 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/539900
|
推荐引用方式
GB/T 7714 |
José Tavares,Olga Popova. DP11071 Psychological Costs of Currency Transition: Evidence from Euro Adoption. 2016.
|
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