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연구정보

[경제] The Financial Drivers of Populism in Europe

중동부유럽 일반 국외연구자료 연구보고서 - CEPR 발간일 : 2022-06-09 등록일 : 2022-06-22 원문링크

This paper identifies a specific channel through which the financial crisis has fostered populism. The financial crisis has extended economic insecurity also to segments of the population untouched by the globalization and immigration shocks. To establish causality, we use a pseudo-panel analysis and instrument the economic insecurity of different cohorts leveraging on a new methodology designed to highlight the different sensitivity to financial constraints for people in different occupations. On the supply side, we trace from manifestos the policy positions of old and new parties, showing that the supply of populism had the largest jump right after the financial crisis.

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