Preaching to the agnostic: Inflation reporting can increase trust in the central bank but only among people with weak priors

B-Tier
Journal: Journal of International Money and Finance
Year: 2024
Volume: 142
Issue: C

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Using a survey experiment, we study whether showing German respondents a graph representing the European Central Bank’s inflation target alongside euro area inflation from 1999 to 2017 affects respondents’ trust in the ECB. On average, the treatment has no significant effect. However, it does increase trust in the ECB among respondents with no entrenched views, proxied by those who report no preference for any political party. Within this group, information about the actual path of the inflation rate, rather than information about the inflation target itself, appears to be the main driver of the treatment’s effect.

Technical Details

RePEc Handle
repec:eee:jimfin:v:142:y:2024:i:c:s026156062400024x
Journal Field
International
Author Count
2
Added to Database
2026-01-25