Reference : Inflation Aversion in the European Union: Exploring the Myth of a North-South Divide
E-prints/Working papers : Already available on another site
Law, criminology & political science : Political science, public administration & international relations
Business & economic sciences : Social economics
http://hdl.handle.net/10993/22716
Inflation Aversion in the European Union: Exploring the Myth of a North-South Divide
English
Howarth, David mailto [University of Luxembourg > Faculty of Language and Literature, Humanities, Arts and Education (FLSHASE) > Identités, Politiques, Sociétés, Espaces (IPSE) >]
Rommerskirchen, Charlotte mailto []
30-Oct-2015
Intermediate version; University of Edinburgh, School of Law Research Paper 2015/34; Europa Institute Working Paper 2015/06
University of Edinburgh, School of Law
Edinburgh School of Law, Research Paper Series; Europa Working Paper series.
40
Yes
Edinburgh
UK
[en] Inflation ; socio-economics ; culture ; Germany ; Europe
[en] Our study seeks to prove that German Stability Culture is a myth. The concept is a core legitimizing element of economic policy discourse in Germany and used regularly to juxtapose Germany and northern Europe and the euro area periphery. Using Eurobarometer surveys we construct a measurement for Stability Culture which is based on the priority assigned to the fight against inflation. Our empirical analysis covers the 2002 to 2010 timespan and includes 27 European Union Member States. Our results show that the distinction between northern states with an allegedly strong and southern states with an allegedly weak Stability Culture is a myth. Controlling for actual inflation, we find that the northern Member States with an allegedly high Stability Culture are less concerned with price stability than the rest of the EU.
Researchers ; Professionals ; Students
http://hdl.handle.net/10993/22716
http://www.papers.ssrn.com/sol3/papers.cfm?abstract_id=2682588
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2682588

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