Arbeitspapier
Has the financial crisis eroded citizens' trust in the European Central Bank? Panel data evidence for the Euro area, 1999-2011
In the aftermath of the financial crisis trust, in the European Central Bank (ECB) has reached an historical low. Taking panel data and using a fixed effects DFGLS estimation for a 12–country sample over the time period 1999 to 2011 with a total of 312 observations, this paper detects a structural break in citizens’ trust in the ECB. The paper confirms that during the pre-crisis period, citizens’ trust in the ECB was driven by economic growth. In crisis time, however, trust in the ECB is both driven by inflation and unemployment.
- Language
-
Englisch
- Bibliographic citation
-
Series: cege Discussion Papers ; No. 124
- Classification
-
Wirtschaft
- Subject
-
Financial Crisis
Trust
European Central Bank
Zentralbank
Europäische Wirtschafts- und Währungsunion
Vertrauen
Meinung
EU-Staaten
Finanzmarktkrise
Welt
Eurozone
- Event
-
Geistige Schöpfung
- (who)
-
Roth, Felix
Gros, Daniel
Nowak-Lehmann D., Felicitas
- Event
-
Veröffentlichung
- (who)
-
University of Göttingen, Center for European, Governance and Economic Development Research (cege)
- (where)
-
Göttingen
- (when)
-
2012
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Roth, Felix
- Gros, Daniel
- Nowak-Lehmann D., Felicitas
- University of Göttingen, Center for European, Governance and Economic Development Research (cege)
Time of origin
- 2012
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