recessions influences individual attitudes toward the European Union (EU). Resorting to rich micro-data from the European Social …, capturing not just isolated downturns but the accumulated burden of multiple recessions over time. Importantly, we distinguish … the need to address historical recessions to safeguard cohesion and democratic legitimacy in the context of the EU. …

recessions influences individual attitudes toward the European Union (EU). Resorting to rich micro-data from the European Social …, capturing not just isolated downturns but the accumulated burden of multiple recessions over time. Importantly, we distinguish …, underscoring the need to address historical recessions to safeguard cohesion and democratic legitimacy in the context of the EU. …

small price changesshould vary over the business cycle-it should diminish during recessions and strengthen during expansions …

, this study challenges that view by demonstrating that unrealistic optimism may rather accelerate recessions. Specifically … production and triggering recessions. Additionally, we show that government intervention, when optimally timed, can mitigate the …

observed output movements during both recessions, with the labor wedge following closely. Investment and government consumption …