Skip to main content

How Popular Has the ECB Been? Popularity, Protest, and Populism Post Crisis

  • 293 Accesses

Abstract

The European Central Bank (ECB) has on average been successful in reducing the extent of euphoria on financial markets and avoiding an Economic and Monetary Union (EMU) meltdown. This apparent success story leads to a thorny question, however: does the ECB’s “market performance” reflect in the data on the popularity and effectiveness of the central bank? The issue is addressed in the context of Europe’s changing political climate, including protests and the upsurge of anti-establishment parties in a number of member states, with several implications for the future of monetary policy.

Keywords

  • Public opinion
  • Populism
  • Protests
  • Eurobarometer
  • Financial markets
  • ECB

This is a preview of subscription content, access via your institution.

Buying options

Chapter
USD   29.95
Price excludes VAT (USA)
  • DOI: 10.1007/978-3-030-44348-1_6
  • Chapter length: 21 pages
  • Instant PDF download
  • Readable on all devices
  • Own it forever
  • Exclusive offer for individuals only
  • Tax calculation will be finalised during checkout
eBook
USD   84.99
Price excludes VAT (USA)
  • ISBN: 978-3-030-44348-1
  • Instant PDF download
  • Readable on all devices
  • Own it forever
  • Exclusive offer for individuals only
  • Tax calculation will be finalised during checkout
Softcover Book
USD   109.99
Price excludes VAT (USA)
Hardcover Book
USD   109.99
Price excludes VAT (USA)
Fig. 6.1
Fig. 6.2
Fig. 6.3
Fig. 6.4
Fig. 6.5
Fig. 6.6

Notes

  1. 1.

    For a small difference between trust in EC and trust in ECB the data could be interpreted as the extent to which the lack of support is more generalised at the EU level.

  2. 2.

    For a discussion on the income distribution consequences of the crisis, see D’Errico et al. (2015).

  3. 3.

    The Eurobarometer survey, in particular, faces manifold limitations. For a critical discussion, see Höpner and Jurczyk (2015).

  4. 4.

    Because of its large debt stock, the rhetoric has always been that Italy could have decided to leave the euro area to regain competitiveness of its economy, which has been severely compromised by the appreciation of the euro and has not balanced the moderate growth of labour costs (Majone 2012).

References

Download references

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Corrado Macchiarelli .

Rights and permissions

Reprints and Permissions

Copyright information

© 2020 The Author(s)

About this chapter

Verify currency and authenticity via CrossMark

Cite this chapter

Macchiarelli, C., Monti, M., Wiesner, C., Diessner, S. (2020). How Popular Has the ECB Been? Popularity, Protest, and Populism Post Crisis. In: The European Central Bank between the Financial Crisis and Populisms. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-44348-1_6

Download citation

  • DOI: https://doi.org/10.1007/978-3-030-44348-1_6

  • Published:

  • Publisher Name: Palgrave Macmillan, Cham

  • Print ISBN: 978-3-030-44347-4

  • Online ISBN: 978-3-030-44348-1

  • eBook Packages: Economics and FinanceEconomics and Finance (R0)