| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP12944 |
| DP12944 Global Crises and Populism: the Role of Eurozone Institutions | |
| Luigi Guiso; Helios Herrera; Massimo Morelli; Tommaso Sonno | |
| 发表日期 | 2018-05-20 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | Populist parties are likely to gain consensus when mainstream parties and status quo institutions fail to manage the shocks faced by their economies. Institutional constraints, which limit the possible actions in the face of shocks, result in poorer performance and frustration among voters who turn to populist movements. We rely on this logic to explain the different support of populist parties among European countries in response to the globalization shock and to the 2008-2011 financial and sovereign debt crisis. We predict a greater success of populist parties in response to these shocks in Euro zone countries, and our empirical analysis confirms this prediction. This is consistent with voters' frustration for the greater inability of the Euro zone governments to react to dicult-to-manage globalization shocks and financial crises. Our evidence has implications for the speed of construction of political unions. A slow, staged process of political unication can expose the EU to a risk of political backlash if hard to manage shocks hit the economies during the integration process. |
| 主题 | Macroeconomics and Growth |
| 关键词 | Frustration Relocation Globalization Financial dependence Populism |
| URL | https://cepr.org/publications/dp12944 |
| 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/541755 |
| 推荐引用方式 GB/T 7714 | Luigi Guiso,Helios Herrera,Massimo Morelli,et al. DP12944 Global Crises and Populism: the Role of Eurozone Institutions. 2018. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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