Showing 1 - 10 of 158,246
Persistent link: https://www.econbiz.de/10012547686
Since the financial crisis, central banks have stressed the role of trust and communication in connection with their … effectiveness of monetary policy. Assessing how much the general public knows about and trust in central banks and how these factors …' objectives. Knowledge of the ECB's and the Bundesbank's goals act as significant drivers of trust in these institutions, however …
Persistent link: https://www.econbiz.de/10011897980
In the aftermath of the financial crisis, the ECB has experienced an unprecedented deterioration in the level of trust …. This raises the question as to what factors determine trust in central banking. We use a unique cross-country dataset which … role in the trust-building process. Our results suggest that agents are boundedly rational in the trust-building process …
Persistent link: https://www.econbiz.de/10010226924
This working paper offers some considerations on the monetary policy framework of the European Central Bank. The trade-offs arising from adopting a point target configuration over a range target one are assessed in terms of their flexibility vs. inflation anchoring properties. This layout is...
Persistent link: https://www.econbiz.de/10012802090
Persistent link: https://www.econbiz.de/10014322525
The pending enlargement of the European Monetary Union (EMU) has brought to the fore the discussion of the voting right distribution in the European Central Bank (ECB) council. We show that, in a model where labor unions internalize the inflationary consequences of wage setting, deviating from a...
Persistent link: https://www.econbiz.de/10011402520
Using micro data from the 2015 Dutch CentERpanel, we examine whether trust in the European Central Bank (ECB … find that higher trust in the ECB lowers inflation expectations on average, and significantly reduces uncertainty about …
Persistent link: https://www.econbiz.de/10012165306
This paper investigates the impact of ECB communication of its assessment of the economic outlook on ex-ante inflation uncertainty and sheds light on how central bank information shocks operate. The paper finds that ECB communication of new outlook information not only reduces professional...
Persistent link: https://www.econbiz.de/10012603073
On 4 March 2011, SUERF – The European Money and Finance Forum and the National Bank of Poland jointly organised a conference on the theme of: "Monetary Policy after the Crisis". Following a call for papers with a large number of submissions, the scientific committee selected 9 papers, which...
Persistent link: https://www.econbiz.de/10011710723
Persistent link: https://www.econbiz.de/10010258404