, and thus an important factor for its credibility and policy effectiveness. This paper analyses the coverage which ECB … that the press critically discusses the ECB’s policy decisions in the context of prior market expectations and of the … inflation environment, and that the media’s coverage of decisions is generally highly responsive to ECB communication – in …

households, we investigate these questions for the case of the European Central Bank (ECB). Our findings suggest that knowledge … on the ECB’s objectives is far from perfect. Both a weak desire to be informed and unawareness of insufficient knowledge …

macroeconomic environment. We find that central bank credibility is negatively associated with the level of inflation target …

central banks' (i) credibility, (ii) unorthodox measures, and (iii) independence. We utilise a survey of more than 500 … that the Fed communicates best, followed by the BoE, ECB, and BoJ. Similar rankings are found on the issues of credibility … credibility, increases satisfaction with unorthodox measures, and fosters perceived independence of central banks. …

central banks' (i) credibility, (ii) unorthodox measures, and (iii) independence. We utilise a survey of more than 500 … that the Fed communicates best, followed by the BoE, ECB, and BoJ. Similar rankings are found on the issues of credibility … credibility, increases satisfaction with unorthodox measures, and fosters perceived independence of central banks. …

This paper analyses the impact of the monetary regime change from the Bundesbank to the ECB in 1999 on inflation … formation of inflation expectations and that the anti-inflationary credibility of both central banks is not perceived to differ …. Once in charge of monetary policy the ECB was quickly successful to restore certainty about its true Bundesbank-like type. …

budgetary transparency and strong democratic accountability suffice to establish credibility. Under incomplete budgetary … fiscal discipline. A stylized model of fiscal policy illustrates that optimal institutions lack credibility unless the costs … transparency, accountable governments may also use institutions as a signal of competence to increase their reelection chances …

improve the transparency of performance and tend to reward excellence in practice. The basis for awarding a sustainability …-medium level. The awarding process often remains vague. Transparency, in particular, is in great need of improvement. A quality …

bank independence, so our findings suggest that the central bank’s credibility, transparency and independence is a … independence of the central bank and the credibility of monetary policy. We find effects in emerging economies with little central …The main motives behind the adoption of an inflation targeting regime largely relate to the notion of credibility …