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Toward a holistic approach to central bank trust

Eickmeier, Sandra; Petersen, Luba - 2024

We examine public trust in the European Central Bank (ECB) and its determinants using data from the Bundesbank Household Panel survey for Germany. Employing an interdisciplinary approach that integrates insights from political science and psychology, we offer a fresh perspective on the factors...

Persistent link: https://www.econbiz.de/10014632327

Instinctive versus reflective trust in the European Central Bank

Angino, Siria; Secola, Stefania - 2022

Political science research has established that trust in institutions, including central banks, is shaped by socio-economic and demographic factors, as well as by the assessment of institutional features and by slow-moving components such as culture. However, the role of cognitive processes has...

Persistent link: https://www.econbiz.de/10013189267

The Credibility of Exchange Rate Pegs and Bank Distress in Historical Perspective : Lessons from the National Banking Era

Fulford, Scott - 2013

in 1896, we construct a measure of the credibility of the gold standard spanning the entire sample period. Changes in …

Persistent link: https://www.econbiz.de/10013072957

Money Talks : Information and Seignorage

Guennewig, Maxi - 2022

This paper analyses the consequences for monetary policy in the presence of currencies issued by firms. Such currencies generate seignorage revenues and information on consumers. In a benchmark model of imperfectly competing firms, information breaks the usual portfolio indeterminacy as in...

Persistent link: https://www.econbiz.de/10013322561

Breaking credibility in monetary policy : the role of politics in the stability of the central banker

Rueda R., Miguel Ricardo (contributor) - 2008

of credibility in monetary policy. The expected hazard rate of exit is estimated as a function of legal and political … variables. The measure of credibility is the expected probability of a disinflation beginning when inflation is rising. For a … of credibility. This provides evidence of the expected relationship between independence and credibility not found in …

Persistent link: https://www.econbiz.de/10003776993

Does the European Central Bank Have a Credibility Problem?

Breedon, Francis - 2012

Using survey data we estimate private sector inflation expectations for the major European economies and find that Euro-area countries have experienced inflation expectations significantly above outcomes over the period since 1999 whilst the UK has not

Persistent link: https://www.econbiz.de/10013103682

Trust in the Central Bank and Inflation Expectation

Christelis, Dimitris - 2020

Using micro data from the 2015 Dutch CentERpanel, we examine whether trust in the European Central Bank (ECB) influences individuals' expectations and uncertainty about future inflation, and whether it anchors inflation expectations. We find that higher trust in the ECB lowers inflation...

Persistent link: https://www.econbiz.de/10012841204

Trust in the Central Bank and Inflation Expectations

Christelis, Dimitris - 2019

Persistent link: https://www.econbiz.de/10012902669

Forward Guidance and the Role of Central Bank Credibility under Heterogeneous Beliefs

Goy, Gavin - 2018

This paper studies the macroeconomic effects of central bank forward guidance when central bank credibility is …

Persistent link: https://www.econbiz.de/10012907014

Trust in the Central Bank and Inflation Expectations

Christelis, Dimitris - 2016

Using micro data from the 2015 Dutch CentERpanel, we examine whether trust in the European Central Bank (ECB) influences individuals' expectations and uncertainty about future inflation, and also whether it anchors inflation expectations. We find that higher trust in the ECB lowers inflation...

Persistent link: https://www.econbiz.de/10012977423