HAL will be down for maintenance from Friday, June 10 at 4pm through Monday, June 13 at 9am. More information
Skip to Main content Skip to Navigation
Master Thesis

Central bank communication and trust: an experimental study on the European Central Bank and the general public

Abstract : While it has become clear that communication is a monetary policy tool for central banks, and extensive research has been conducted on central bank communication with financial markets, little is known so far on central bank communication with the general public. Our research provides new insights into this field, confirming that the efforts of central banks to connect with people are not in vain. In a randomised controlled trial, we focus on the determinants of understanding and trust in the communication of the European Central Bank (ECB) about the Pandemic Emergency Purchase Programme, which was set up as part of the Bank’s response to the Covid-19 crisis. Key findings include that the ECB’s simplified and relatable communication contributes to increased understanding of the central bank among a wider public. The simplified content also has a positive impact on perceptions of the ECB among laypeople, indicating that building understanding of the ECB’s communications can help build trust in the central bank.
Document type :
Master Thesis
Complete list of metadata

https://dumas.ccsd.cnrs.fr/dumas-03433411
Contributor : École d'économie de la Sorbonne Paris 1 Panthéon-Sorbonne Connect in order to contact the contributor
Submitted on : Wednesday, November 17, 2021 - 5:14:22 PM
Last modification on : Friday, April 29, 2022 - 10:13:20 AM
Long-term archiving on: : Friday, February 18, 2022 - 8:47:49 PM

File

Mochhoury_Memoire_2020-2021.pd...
Files produced by the author(s)

Identifiers

  • HAL Id : dumas-03433411, version 1

Citation

Sarah Mochhoury. Central bank communication and trust: an experimental study on the European Central Bank and the general public. Economics and Finance. 2021. ⟨dumas-03433411⟩

Share

Metrics

Record views

54

Files downloads

32