This paper studies the causal effect of inflation literacy on inflation expectations and trust in the central bank … literacy treatment improves respondents’ knowledge about monetary policy and inflation and raises their trust in the central … reported forecast uncertainty and trust in the central bank …

The European Central Bank (ECB) took many measures to combat the eurozone’s rolling financial crisis. For providing … desperately scarce dollars to eurozone banks, the ECB relied on the U.S. Federal Reserve. Using a novel econometric framework, we … October 2009 and September 2012, the most intense phase of the eurozone crisis. Dollar liquidity clearly reduced stress in …

Using the variation in national television news of four major member states in the Eurozone, we find causal effects of …