In this paper, we analyse the effects of objective and subjective knowledge about monetary policy, as well as the … German households conducted in 2011. We find that subjective and factual knowledge, as well as the desire to be informed …, about the ECB foster citizens trust. Specific knowledge about the ECB is more influential than general monetary policy …

In this paper, we analyse the effects of objective and subjective knowledge about monetary policy, as well as the … German households conducted in 2011. We find that subjective and factual knowledge, as well as the desire to be informed …, about the ECB foster citizens' trust. Specific knowledge about the ECB is more influential than general monetary policy …

We analyse German citizens' knowledge about monetary policy and the European Central Bank (ECB), as well as the public … knows about the ECB and (ii) the person's actual knowledge. The media-related influence varies by level of education and is … stronger for subjective knowledge. Women are significantly less interested in and knowledgeable about the ECB. We conclude that …

We examine the relationship between lax monetary policy, access to high-yield bond markets and productivity in the US … higher risk profile. Since the relationship between credit ratings and firm-level productivity is U-shaped, the aggregate … effect on productivity is a priori unclear. Turning to the real economy, we thus analyse whether this additional access to …

s differed from its predecessors in three important respects: productivity, inflation, and cyclical variability. In the … United States, labor productivity increased much faster in the 1990s than in the previous decades and, contrary to the usual … pattern, accelerated with the duration of the expansion. The view that most of the productivity acceleration was only cyclical …