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We assume that central banks can control inflation so that inflation rates reflect the preferences of the central bank council.The hypothesis to be tested is that these preferences depend on the central bankers' educational and/or professional background. In a panel data analysis for the euro...
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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 …
Persistent link: https://www.econbiz.de/10010196544
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 …
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