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central banks' (i) credibility, (ii) unorthodox measures, and (iii) independence. We utilise a survey of more than 500 …, satisfaction with unconventional monetary policy, and possible deterioration in independence. Using ordered probit models, we show … credibility, increases satisfaction with unorthodox measures, and fosters perceived independence of central banks. …
Persistent link: https://www.econbiz.de/10010356195
central banks’ (i) credibility, (ii) unorthodox measures, and (iii) independence. We utilise a survey of more than 500 …, satisfaction with unconventional monetary policy, and possible deterioration in independence. Using ordered probit models, we show … credibility, increases satisfaction with unorthodox measures, and fosters perceived independence of central banks. …
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This paper explores consequences of consumer education on prices and welfare in retail financial markets when some consumers are naive about shrouded add-on prices and firms try to exploit it. Allowing for different information and pricing strategies we show that education is unlikely to push...
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