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The future of the European fiscal union: Survey results from members of national parliaments in France, Italy and Germany

Author

Listed:
  • Blesse, Sebastian
  • Bordignon, Massimo
  • Boyer, Pierre C.
  • Carapella, Piergiorgio
  • Heinemann, Friedrich
  • Janeba, Eckhard
  • Raj, Anasuya

Abstract

Using data from a unique survey of members of parliaments in France, Germany and Italy in 2018, we estimate the effects of three dimensions on EU and euro area fiscal reform preferences: nationality, political ideology, and populism. We predict and confirm that a German populist party on the right is most opposed to a more developed European fiscal union, while a non-populist politician on the political left in France or Italy is most integrationist. Furthermore, the relative position of French and Italian policymakers is issue dependent and the Left dimension outweighs the German dimension in two out of seven reform issues. Finally, populism intensifies the polarizing impact of national interests.

Suggested Citation

  • Blesse, Sebastian & Bordignon, Massimo & Boyer, Pierre C. & Carapella, Piergiorgio & Heinemann, Friedrich & Janeba, Eckhard & Raj, Anasuya, 2021. "The future of the European fiscal union: Survey results from members of national parliaments in France, Italy and Germany," ZEW Discussion Papers 21-055, ZEW - Leibniz Centre for European Economic Research.
    • Handle: RePEc:zbw:zewdip:21055
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    References listed on IDEAS

    as
    1. Blesse, Sebastian & Bordignon, Massimo & Boyer, Pierre C. & Carapella, Piergiorgio & Heinemann, Friedrich & Janeba, Eckhard & Raj, Anasuya, 2019. "United we stand? Survey results on the views of French, German and Italian parliamentarians on EU and EMU reforms," ZEW policy briefs 1/2019, ZEW - Leibniz Centre for European Economic Research.
    2. André Sapir, 2011. "A Comprehensive Approach to the Euro-Area Debt Crisis," ULB Institutional Repository 2013/174297, ULB -- Universite Libre de Bruxelles.
    3. Marco Buti & Nicolas Carnot, 2012. "The EMU Debt Crisis: Early Lessons and Reforms," Journal of Common Market Studies, Wiley Blackwell, vol. 50(6), pages 899-911, November.
    4. Dennis P. Quinn & A. Maria Toyoda, 2007. "Ideology and Voter Preferences as Determinants of Financial Globalization," American Journal of Political Science, John Wiley & Sons, vol. 51(2), pages 344-363, April.
    5. Philip R. Lane, 2012. "The European Sovereign Debt Crisis," Journal of Economic Perspectives, American Economic Association, vol. 26(3), pages 49-68, Summer.
    6. Sandrino Smeets & Alenka Jaschke & Derek Beach, 2019. "The Role of the EU Institutions in Establishing the European Stability Mechanism: Institutional Leadership under a Veil of Intergovernmentalism," Journal of Common Market Studies, Wiley Blackwell, vol. 57(4), pages 675-691, July.
    7. Michael D. Bordo & Mickey D. Levy, 2020. "Do Enlarged Fiscal Deficits Cause Inflation: The Historical Record," NBER Working Papers 28195, National Bureau of Economic Research, Inc.
    8. Friedrich Heinemann, 2021. "The political economy of euro area sovereign debt restructuring," Constitutional Political Economy, Springer, vol. 32(4), pages 502-522, December.
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    Cited by:

    1. Beetsma, Roel & Burgoon, Brian & Nicoli, Francesco, 2023. "Is european attachment sufficiently strong to support an EU fiscal capacity: Evidence from a conjoint experiment," European Journal of Political Economy, Elsevier, vol. 78(C).

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    Keywords

    Euro Area Reforms; National Parliament; Survey; European Integration; Populist Parties; Next Generation EU;
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