Trust in financial institutions is of great importance for financial intermediation. Against this background, we study two questions: Has trust in banks declined during the global financial crisis and what factors determine the level of trust in banks? Employing survey evidence from Austrian...

In this paper we perform a meta-analysis of empirical money demand studies involving almost 500 individual money demand estimations. We analyze whether the wide variety of results can be explained by characteristics of the studies, different macroeconomic environments or the imprecision of...

By analyzing almost 1000 money demand estimations this paper attempts to summarize the disperse findings of this literature. Using both descriptive statistics and meta-regressions we derive several stylized facts about the two most prominent determinants of money demand–income and interest...

Trust in financial institutions is of great importance for financial intermediation. Against this background, we study two questions: Has trust in banks declined during the global financial crisis and what factors determine the level of trust in banks? Employing survey evidence from Austrian...

We present a theoretical framework that links trust, trustworthiness and inequality. It is assumed that an individual's level of interpersonal trust is related to expected trustworthiness among his reference group and that trustworthiness decreases when interpersonal income differences increase....

We use survey data to demonstrate that individuals extrapolate from their peer groups when forming estimates about aggregate economic outcomes (e.g. the aggregate homeownership rate). In a first approach, we follow the previous literature and construct hypothetical peer groups using information...

Wie robust sind Geldnachfrageschätzungen? Eine meta-analytische Zusammenfassung von Ergebnissen bezüglich der Einkommenselastizität In diesem Artikel führen wir eine Meta-Analyse empirischer Geldnachfragestudien durch, die auf fast 500 einzelnen Schätzungen beruht. Wir untersuchen, ob die...