Arbeitspapier
Preaching to the Agnostic: Inflation Reporting Can Increase Trust in the Central Bank but Only among People with Weak Priors
Using a randomized controlled trial, we study whether showing German respondents a graph plotting the European Central Bank's inflation target alongside inflation in the euro area from 1999 to 2017 affects respondents' trust in the ECB. The treatment has, on average, no significant effect on the level of trust in the ECB respondents report, but trust increases among respondents who report no preference for any political party. Within this group, the information about the actual development of the inflation rate, and not information about the inflation target itself, appears to be the main driving force.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 10636
- Klassifikation
-
Wirtschaft
Monetary Policy
Central Banks and Their Policies
Cultural Economics; Economic Sociology; Economic Anthropology: General
- Thema
-
central bank trust
European Central Bank
central bank communication
monetary policy
Germany
household survey
RCT
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Hayo, Bernd
Méon, Pierre-Guillaume
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2023
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Hayo, Bernd
- Méon, Pierre-Guillaume
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2023
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