Showing 1 - 10 of 868
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
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 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
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
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 examine public trust in the European Central Bank (ECB) and its determinants using data from the Bundesbank … psychology, we offer a fresh perspective on the factors influencing central bank trust that is more holistic than the … their trust in the ECB, tend to express higher trust in the ECB. Conversely, those who place greater importance on values …
Persistent link: https://www.econbiz.de/10014632327
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
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
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
Central bank communication plays an important role in shaping market participants’ expectations. This paper studies a simple nonlinear model of monetary policy in which agents have incomplete information about the economic environment. It shows that agents’ learning and the dynamics of the...
Persistent link: https://www.econbiz.de/10003781685