文章基本信息

标题：What Determines the Credibility of the Central Bank of Israel in the Public Eye?
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作者：Zeev Kril ; David Leiser ; Avia Spivak 等
期刊名称：International Journal of Central Banking
印刷版ISSN：1815-4654
出版年度：2016
出版社：IJCB Publications Fulfillment
摘要：In line with the rational expectations approach, economists emphasize transparency as a key factor for central banks’ credibility. In this paper, a psychological approach yields different results: trust in the banks’ policy is associated with the professionalism and independence of the bank and not with its transparency. It is a subtle difference: transparency is indeed a positive factor in the overall perception of the bank as trustworthy, but a statistical analysis shows that not all aspects of perception are relevant to trust in the bank’s credibility in its inflationary policy