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The German public and its trust in the ECB : the role of knowledge and information search

Hayo, Bernd; Neuenkirch, Edith - 2013

In this paper, we analyse the effects of objective and subjective knowledge about monetary policy, as well as the information search patterns, of German citizens on trust in the ECB. We rely on a unique representative public opinion survey of German households conducted in 2011. We find that...

Persistent link: https://www.econbiz.de/10010196544

The German public and its trust in the ECB : the role of knowledge and information search ; conference paper

Hayo, Bernd; Neuenkirch, Edith - 2013 - This version: 31 October 2013

Persistent link: https://www.econbiz.de/10010482584

On the credibility of the Euro/Swiss Franc floor : a financial market perspective

Zimmermann, Heinz; Hertrich, Markus - 2015

, challenged the full credibility of the Swiss National Bank (SNB) in enforcing the lower barrier implemented in September 6, 2011 …, reaching a level of nearly 50%. The credibility of the SNB in maintaining the floor, as seen from the option market, was thus …

Persistent link: https://www.econbiz.de/10011569649

The role of central bank knowledge and trust for the public's inflation expectations

Mellina, Sathya; Schmidt, Tobias - 2018

Since the financial crisis, central banks have stressed the role of trust and communication in connection with their objectives and strategies for aligning the public's inflation expectations with their own and, consequently, improving the effectiveness of monetary policy. Assessing how much the...

Persistent link: https://www.econbiz.de/10011897980

The German Public and Its Trust in the ECB : The Role of Knowledge and Information Search

Hayo, Bernd - 2014

Persistent link: https://www.econbiz.de/10013059620

Monetary policy announcements and expectations : evidence from German firms

Enders, Zeno; Hünnekes, Franziska; Müller, Gernot J. - 2019

We assess empirically whether monetary policy announcements impact firm expectations. Two features of our data set are key. First, we rely on a survey of production and price expectations of German firms, that is, expectations of actual price setters. Second, we observe the day on which firms...

Persistent link: https://www.econbiz.de/10012159806

The Central Bank as a Risk Manager : Quantifying and Forecasting Inflation Risks

Kilian, Lutz; Manganelli, Simone - 2021

We propose to regard the central banker as a risk manager who aims to contain inflation within pre-specified bounds. We develop formal tools of risk management that may be used to quantify and forecast the risks of failing to attain that objective. We illustrate the use of these risk measures in...

Persistent link: https://www.econbiz.de/10013319941

Managing households' expectations with unconventional policies

D'Acunto, Francesco; Hoang, Daniel; Weber, Michael - 2021

Binding lower bounds on interest rates and large government deficits limit the scope of fiscal and monetary policies to stimulate households' spending through financial intermediaries and firms. Policymakers have thus been implementing unconventional policies that aim to increase households'...

Persistent link: https://www.econbiz.de/10012490917

Credibility and transparency of Central Banks : new results based on Ifo s world economicy survey

Hamella, Sandra; Haan, Jakob de - 2004

This paper reports the results of a survey among private sector economists about credibility and transparency of … Survey to answer questions on the importance and determinants of credibility. The results of both surveys are very comparable …. Credibility is considered to be important to attain price stability at low cost, while the best ways to earn credibility are a …

Persistent link: https://www.econbiz.de/10011399168

On the credibility of the Euro/Swiss Franc floor : a financial market perspective

Hertrich, Markus; Zimmermann, Heinz - In: Journal of money, credit and banking : JMCB 49 (2017) 2/3, pp. 567-578

Persistent link: https://www.econbiz.de/10011708093