Arbeitspapier
Transparency and trust: The case of the European Central Bank
We examine how the transparency of the European Central Bank´s monetary policy affects the amount of trust that the citizens of the European Union have in this institution. We use nearly half a million individual responses from the European Commission´s Eurobarometer survey from 2000-2011 and estimate probit regressions with sample selection. We find that transparency exerts a non-linear effect on trust. Transparency increases trust, but only up to a certain point; too much transparency harms trust. This result is robust to controlling for a number of macroeconomic conditions, financial stability transparency measures, and economic and socio-demographic characteristics of respondents, including examining respondents in European Union countries that do not use the euro and addressing clustering issues.
- Sprache
-
Englisch
- Erschienen in
-
Series: IOS Working Papers ; No. 352
- Klassifikation
-
Wirtschaft
Monetary Policy
Central Banks and Their Policies
- Thema
-
European Central Bank
trust
transparency
survey
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Horváth, Roman
Katuscakova, Dominika
- Ereignis
-
Veröffentlichung
- (wer)
-
Institut für Ost- und Südosteuropaforschung (IOS)
- (wo)
-
Regensburg
- (wann)
-
2015
- Handle
- URN
-
urn:nbn:de:101:1-201603225150
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Horváth, Roman
- Katuscakova, Dominika
- Institut für Ost- und Südosteuropaforschung (IOS)
Entstanden
- 2015
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