We examine how the transparency of the European Central Bankś monetary policy affects the amount of trust that the … exerts a non-linear effect on trust. Transparency increases trust, but only up to a certain point; too much transparency … harms trust. This result is robust to controlling for a number of macroeconomic conditions, financial stability transparency …

suggest. Trust between trading partners lowers transaction costs and may therefore enhance trade. The empirical analysis of … this paper shows that more trust leads to more trade so that part of the mystery of missing trade can be attributed to the … lack of trust between trading partners, e.g. because of cultural differences and habits, or because of insufficient …

paper, Knack and Keefer (1997) assess the effect of trust on growth. This paper analyses the robustness of their results … the relationship between trust and growth in terms of both the size and the significance of the estimated effect, is … highly dependent on the set of conditioning variables. An answer to the question whether there is an economic payoff of trust …

high growth, but based on a simple stylized model of government behavior the expectation is that mainly high trust … countries provides support for this expectation. The difference in fiscal policies depending on government trust levels may help … explaining why better governed countries have been found to have less severe business cycles. It suggests that trust and …

This survey reviews the recent research on trust, institutions and growth. It discusses the various measures of trust … and documents the substantial heterogeneity of trust across space and time. The conceptual mechanisms and the methods … employed to identify the causal impact of trust on economic performance are reviewed. We document the mechanisms of …

high growth, but based on a simple stylized model of government behavior the expectation is that mainly high trust … countries provides support for this expectation. The difference in fiscal policies depending on government trust levels may help … explaining why better governed countries have been found to have less severe business cycles. It suggests that trust and …

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 …