Showing 1 - 10 of 864
Political science research has established that trust in institutions, including central banks, is shaped by socio … culture. However, the role of cognitive processes has been largely neglected, especially in the analysis of central bank trust … concepts of "instinctive trust", which captures an on-the-spot judgement on the institution's trustworthiness, and of …
Persistent link: https://www.econbiz.de/10013322566
Political science research has established that trust in institutions, including central banks, is shaped by socio … culture. However, the role of cognitive processes has largely been neglected, especially in the analysis of central bank trust … concepts of \instinctive trust", which captures an on-the-spot judgement on the institution's trustworthiness, and of \re …
Persistent link: https://www.econbiz.de/10013189267
Political science research has established that trust in institutions, including central banks, is shaped by socio … culture. However, the role of cognitive processes has largely been neglected, especially in the analysis of central bank trust … concepts of “instinctive trust”, which captures an on-the-spot judgement on the institution’s trustworthiness, and of …
Persistent link: https://www.econbiz.de/10013290093
We develop a dynamic two-period generalized beauty contest to study the optimal level of publicity when disclosed information is subject to multipliereffects inherent to social learning. We build upon the static case, where all agents receive a private signal about an unknown fundamental state...
Persistent link: https://www.econbiz.de/10011349468
We develop a dynamic two-period generalized beauty contest to study the optimal level of publicity when disclosed information is subject to multiplier effects inherent to social learning. We build upon the static case, where all agents receive a private signal about an unknown fundamental state...
Persistent link: https://www.econbiz.de/10011373562
In this paper we study the determinants of citizens' trust in the European Central Bank during the start-up phase from … 1999-2004. Using a country panel based on the Eurobarometer survey, we find that higher inflation rates reduce trust. Thus … significant impact on trust in the ECB, while unemployment spending exerts a trust-building impact. Possibly, automatic …
Persistent link: https://www.econbiz.de/10010281381
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 findings, based on data from 149 countries, confirm that there is such a … of reform and the ability with which it can be implemented. At low trust levels, the need for central-bank independence …
Persistent link: https://www.econbiz.de/10010320270
Dictionary approaches are at the forefront of current techniques for quantifying central bank communication. This paper proposes embeddings - a language model trained using machine learning techniques - to locate words and documents in a multidimensional vector space. To accomplish this, we...
Persistent link: https://www.econbiz.de/10014443189
Dictionary approaches are at the forefront of current techniques for quantifying central bank communication. This paper proposes embeddings - a language model trained using machine learning techniques - to locate words and documents in a multidimensional vector space. To accomplish this, we...
Persistent link: https://www.econbiz.de/10012608497
connect with a wider public are not in vain. In a randomised controlled trial, I focus on the determinants of trust in the … communication leads to greater trust in the central bank among the general public, as it has a positive impact on perceptions of the …
Persistent link: https://www.econbiz.de/10014342276