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Seminar

Voters and the IMF

Experimental evidence from European crisis countries

Add to calendar 2022-02-02 12:30 2022-02-02 14:00 Europe/Rome Voters and the IMF Sala Europa Villa Schifanoia YYYY-MM-DD
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When

02 February 2022

12:30 - 14:00 CEST

Where

Sala Europa

Villa Schifanoia

Join Evelyne Hübscher and Thomas Sattler as they present their research in the framework of the EGPP Seminar Series

How can governments convince voters to support an unpopular policy in times of crisis? One solution may be to turn towards an external actor, such as the IMF, in order to make crisis resolution more effective. At the same time, the involvement of the IMF undermines national sovereignty, which is seen critically by many voters. Evelyne Hübscher and Thomas Sattler's analysis uses an experimental approach to assess how voters evaluate the costs and benefits of such external interventions. The results from Portugal, Ireland, Greece and Spain show that -- with the exception of Greece -- approval of fiscal adjustment is higher with than without an IMF intervention. According to a causal mediation analysis, this is the case because voters expect that the crisis is more likely to be solved when the IMF intervenes. At the same time, voters are critical of the loss of democratic control if the IMF intervenes. Taken together, however, the hope that the crisis can be resolved with the IMF dominates the dissatisfaction over the lack of democratic accountability. Nonetheless, cross-country differences suggest that support for interventions critically hinges the ability of the IMF to deliver on the promise to resolve the crisis.

Please note that this is a hybrid event and that masks are required for the duration of the event.

On premise places are on a first-come, first serve basis. If you are unable to attend, please cancel your registration to allow others to participate.

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