Article (Scientific journals)
Inflation aversion in the European Union: exploring the myth of a North–South divide
Howarth, David; Rommerskirchen, Charlotte
2016In Socio-Economic Review
Peer reviewed
 

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Keywords :
Stability culture; Germany; socio-economics
Abstract :
[en] Our study seeks to put the assumptions of German Stability Culture to the test. 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 2002–2010 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.
Disciplines :
Social economics
Author, co-author :
Howarth, David  ;  University of Luxembourg > Faculty of Language and Literature, Humanities, Arts and Education (FLSHASE) > Identités, Politiques, Sociétés, Espaces (IPSE)
Rommerskirchen, Charlotte
External co-authors :
yes
Language :
English
Title :
Inflation aversion in the European Union: exploring the myth of a North–South divide
Publication date :
2016
Journal title :
Socio-Economic Review
Publisher :
Oxford University Press, Oxford, United Kingdom
Peer reviewed :
Peer reviewed
Focus Area :
Sustainable Development
Available on ORBilu :
since 04 October 2016

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