Date published: Mar 2018
SUERF Policy Note, Issue No 29
by Sebastian Blesse, Pierre C. Boyer, Friedrich Heinemann, Eckhard Janeba, Anasuya Raj
We analyze results from a self-conducted survey of members of the French and German national parliaments on economic policies and reform options for the Eurozone. Our econometric analysis addresses the key question of the extent to which potential heterogeneity between politicians is driven by national differences or different party ideologies similar to within-country cleavages. We find that a Rhine-divide exists, but that ideological differences between members of national parliaments are quantitatively more important and more robust than national differences between the French and the Germans. However, for EMU-related policies like Eurobonds, the Fiscal Compact and the strong ECB involvement we find a strong and robust difference between parliamentarians of both countries even if they belong to the same party family.
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