DP15683 Collective Memories on the 2010 European Debt Crisis *
| Author(s): | Laura Arnemann, Kai A. Konrad, Niklas Potrafke |
| Publication Date: | January 2021 |
| Keyword(s): | aid&reform programmes, Collective memories, European debt crisis, experts, nation-serving biases |
| JEL(s): | F36, F55, H12, H87 |
| Programme Areas: | Public Economics |
| Link to this Page: | cepr.org/active/publications/discussion_papers/dp.php?dpno=15683 |
We examine whether collective memories on the aid&reform programs chosen to handle the 2010 European debt crisis di�er between citizens from borrower and lender countries. We use new international survey data for non-experts and experts in member countries of the euro area. The results show that non-experts from borrower and lender countries remember aspects of the programs in di�erent manners; indicating biases for assessments of how the crisis outcomes are perceived in borrower and lender countries. Nation-serving biases may well explain if the European debt crisis has reduced the sense of belonging rather than bringing European citizens closer together.