Showing 1 - 10 of 7,085
Persistent link: https://www.econbiz.de/10001676745
Central banks are increasingly reaching out to the general public to motivate and explain their monetary policy actions. One major aim of this outreach is to guide inflation expectations; another is to ensure accountability and create trust. This article surveys a rapidly-growing literature on...
Persistent link: https://www.econbiz.de/10014079351
Central banks have been made more independent in many countries. A common rationale has been the existence of a credibility (or lack-of-trust) problem for monetary policy. This indicates a possible and until now unexplored link between social trust and central-bank independence. Our empirical...
Persistent link: https://www.econbiz.de/10013090958
's introduction of quantitative and qualitative monetary easing, by focusing on changes in traders' confidence and herding behavior …. When participants in bond markets lose confidence in their outlook for future interest rates, their investment decision … factors, such as investors' confidence in the financial environment, the usefulness or value of information available in the …
Persistent link: https://www.econbiz.de/10013055491
Money is a social convention where one party accepts it as payment in the expectation that others will do so too. Over the ages, various forms of private money have come and gone, giving way to central bank money. The reasons for the resilience of central bank money are of particular interest...
Persistent link: https://www.econbiz.de/10012928137
Zur Bekämpfung der Finanzkrise haben Zentralbanken und Regierungen eine Menge Geld in die Wirtschaft gepumpt. Wenn die Geldmenge nicht rechtzeitig reduziert wird, droht eine Infl ation schlimmen Ausmasses. Für die Bürger wäre das eine Katastrophe, denn ihre Vermögen würden vernichtet und...
Persistent link: https://www.econbiz.de/10003926016
Persistent link: https://www.econbiz.de/10010355147
Central banks have been made more independent in many countries. A common rationale has been the existence of a credibility (or lack-of-trust) problem for monetary policy. This indicates a possible and until now unexplored link between social trust and central-bank independence. Our empirical...
Persistent link: https://www.econbiz.de/10009541929
Persistent link: https://www.econbiz.de/10010486550
Persistent link: https://www.econbiz.de/10003808053