全球智库信息集成服务系统(G2TT): DP6536 Are Long-Run Inflation Expectations Anchored More Firmly in the Euro Area than in the United States?

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP6536
	DP6536 Are Long-Run Inflation Expectations Anchored More Firmly in the Euro Area than in the United States?
	Andrew Levin; Meredith J Beechey; Benjamin K Johannsen
发表日期	2007-10-19
出版年	2007
语种	英语
摘要	Central banks have become more and more transparent about their monetary policy making process. In the central bank transparency literature the distinction between actual and perceived central bank transparency is often lacking. However, as perceptions are crucial for the actions of economic agents this distinction matters. A discrepancy between actual and perceived transparency may exist because of incomplete or incorrect transparency knowledge and other (psychological) factors. Even financial experts, the most important channel through which the central bank can influence the economy, might suffer from misaligned perceptions. We investigate the mismatch between actual and perceived transparency and its relevance by analyzing data of a Dutch household survey on the European Central Bank?s transparency. To benefit from higher transparency perceptions the European Central Bank might feel tempted to stress its transparency strengths, but hide its transparency weaknesses.
主题	Central Banking
关键词	Behavioural economics Centerpanel Central bank transparency Perceptions Survey
URL	https://cepr.org/publications/dp6536
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/535375
推荐引用方式 GB/T 7714	Andrew Levin,Meredith J Beechey,Benjamin K Johannsen. DP6536 Are Long-Run Inflation Expectations Anchored More Firmly in the Euro Area than in the United States?. 2007.