Since the financial crisis, central banks have stressed the role of trust and communication in connection with their … effectiveness of monetary policy. Assessing how much the general public knows about and trust in central banks and how these factors …' objectives. Knowledge of the ECB's and the Bundesbank's goals act as significant drivers of trust in these institutions, however …

In the aftermath of the financial crisis, the ECB has experienced an unprecedented deterioration in the level of trust …. This raises the question as to what factors determine trust in central banking. We use a unique cross-country dataset which … role in the trust-building process. Our results suggest that agents are boundedly rational in the trust-building process …