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ID: 133279

Iceland on the rocks: the mass political economy of sovereign debt resettlement / Curtis, K. Amber; Jupille, Joseph; Leblang, David

Leblang, David	Journal Article
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2014.

Summary/Abstract

We undertake an individual-level analysis of mass political behavior toward sovereign debt resettlement by leveraging the unique circumstances of a 2011 referendum on debt repayment in Iceland. This allows us to engage broader questions about mass international political economy. Against the recent thrust of a growing literature, we find evidence of material economic "pocketbook" effects-self-interest-on voting behavior, operating alongside symbolic/sociotropic and partisan/political logics. Contrary to expectations, these self-interest effects are not conditional on voter sophistication. We conclude that conventional sampling frames may be inappropriate for understanding contemporary democratic contestation over international economic policy.

Key Words

Political Economy ; Tax Policy ; Political Sovereignty ; Economic Sovereignty ; Debt Resettlement ; International Political Economy - IPE ;
Material Economy ; Contemporary Democratic Contestation - CDC ; Economic Policy

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ID: 080048

Voting for change: calculation, community, and Euro referendums / Jupille, Joseph; Leblang, David

Leblang, David	Journal Article
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Publication

2007.

Summary/Abstract

Referendum votes on adoption of the euro in Denmark (2000) and Sweden (2003) provide unprecedented natural experiments through which to study the political economy of money. Using exit polling data and multinomial logit statistical models that allow us to separate preferences for the euro from preferences for the European Union (EU), we test economic "calculation" and political "community" as determinants of individual-level preferences over adoption of the euro. We find that "calculation" operates most clearly where, as in Sweden, the choice of a fixed versus a floating exchange rate regime is at stake, while "community" exerts strong effects across the two cases

Key Words

European Union ; Exchange Rate ; Economic Calucation

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