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...
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| Main Authors: | , |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Regensburg
Inst. für Ost- und Südosteuropaforschung
2015
|
| Edition: | [Stand:] October 2015 |
| Series: | IOS working papers
352 |
| Subjects: | |
| Online Access: | http://www.dokumente.ios-regensburg.de/publikationen/wp/wp_352.pdf |
| Summary: | 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. |
| Physical Description: | 1 Online-Ressource (v, 19 S.) graph. Darst. |
| Format: | . - Acrobat Reader kostenfrei |
Staff View
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| id | DE-604.BV043011919 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-10T07:15:00Z |
| institution | BVB |
| language | English |
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| physical | 1 Online-Ressource (v, 19 S.) graph. Darst. |
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| publishDate | 2015 |
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| publisher | Inst. für Ost- und Südosteuropaforschung |
| record_format | marc |
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| spelling | Horváth, Roman Verfasser aut Transparency and trust the case of the European Central Bank Roman Horvath and Dominika Katuscakova [Stand:] October 2015 Regensburg Inst. für Ost- und Südosteuropaforschung 2015 1 Online-Ressource (v, 19 S.) graph. Darst. txt rdacontent c rdamedia cr rdacarrier IOS working papers 352 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. . - Acrobat Reader kostenfrei Langzeitarchivierung durch die Bayerische Staatsbibliothek Europäische Zentralbank (DE-588)5287962-8 gnd rswk-swf Geschichte 2000-2011 gnd rswk-swf Vertrauen (DE-588)4063290-8 gnd rswk-swf Geldpolitik (DE-588)4019902-2 gnd rswk-swf Transparenz (DE-588)4185917-0 gnd rswk-swf Europäische Zentralbank (DE-588)5287962-8 b Geldpolitik (DE-588)4019902-2 s Transparenz (DE-588)4185917-0 s Vertrauen (DE-588)4063290-8 s Geschichte 2000-2011 z DE-604 Katuscakova, Dominika Verfasser aut IOS working papers 352 (DE-604)BV040033175 352 ca. 1,1 MB http://www.dokumente.ios-regensburg.de/publikationen/wp/wp_352.pdf |
| spellingShingle | Horváth, Roman Katuscakova, Dominika Transparency and trust the case of the European Central Bank IOS working papers Europäische Zentralbank (DE-588)5287962-8 gnd Vertrauen (DE-588)4063290-8 gnd Geldpolitik (DE-588)4019902-2 gnd Transparenz (DE-588)4185917-0 gnd |
| subject_GND | (DE-588)5287962-8 (DE-588)4063290-8 (DE-588)4019902-2 (DE-588)4185917-0 |
| title | Transparency and trust the case of the European Central Bank |
| title_auth | Transparency and trust the case of the European Central Bank |
| title_exact_search | Transparency and trust the case of the European Central Bank |
| title_full | Transparency and trust the case of the European Central Bank Roman Horvath and Dominika Katuscakova |
| title_fullStr | Transparency and trust the case of the European Central Bank Roman Horvath and Dominika Katuscakova |
| title_full_unstemmed | Transparency and trust the case of the European Central Bank Roman Horvath and Dominika Katuscakova |
| title_short | Transparency and trust |
| title_sort | transparency and trust the case of the european central bank |
| title_sub | the case of the European Central Bank |
| topic | Europäische Zentralbank (DE-588)5287962-8 gnd Vertrauen (DE-588)4063290-8 gnd Geldpolitik (DE-588)4019902-2 gnd Transparenz (DE-588)4185917-0 gnd |
| topic_facet | Europäische Zentralbank Vertrauen Geldpolitik Transparenz |
| url | http://www.dokumente.ios-regensburg.de/publikationen/wp/wp_352.pdf |
| volume_link | (DE-604)BV040033175 |
| work_keys_str_mv | AT horvathroman transparencyandtrustthecaseoftheeuropeancentralbank AT katuscakovadominika transparencyandtrustthecaseoftheeuropeancentralbank |