Coping with People’s Inflation Perceptions During a Currency Changeover

The gap between actual and perceived inflation is one of the more unexpected consequences of the euro changeover in January 2002. In this note we argue that this gap was caused by a lack of preparation and experience of the authorities to appropriately communicate with the public during the changeover. Using principles of crisis communication we identify the mistakes made and give policy recommendations for future changeovers.

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Year of publication:	2006
Authors:	Eife, Thomas A. ; Coombs, W. Timothy
Publisher:	Heidelberg : University of Heidelberg, Department of Economics
Subject:	crisis communication \| transformative explanation \| perceived inflation \| euro changeover

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Series:	Discussion Paper Series ; 435
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	553809164 [GVK] hdl:10419/127247 [Handle] RePEc:awi:wpaper:0435 [RePEc]
Classification:	E50 - Monetary Policy, Central Banking and the Supply of Money and Credit. General ; E60 - Macroeconomic Policy Formation, Macroeconomic Aspects of Public Finance, Macroeconomic Policy, and General Outlook. General ; Y80 - Related Disciplines
Source:	EconStor

Persistent link: https://www.econbiz.de/10011422139