Public attitudes towards central bank independence: Lessons from the foundation of the ECB

Muhammad Hayat () and Etienne Farvaque

European Journal of Political Economy, 2012, vol. 28, issue 4, 512-523

Abstract: This study examines public opinion in 15 European countries, on the proposal to establish an independent European Central Bank (ECB). Using data from Eurobarometer surveys for 1998 to 2000, which included a specific question on this issue, we show that inflation performance is not sufficient to explain people's preference for an independent central bank: personal characteristics and circumstances have a stronger impact, with gender, employment status, education level, income quartiles, and degree of information and civic concern showing particular relevance.

Keywords: Central bank independence; Public opinion; European Central Bank (search for similar items in EconPapers)
Date: 2012
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Working Paper: Public Attitudes towards Central Bank Independence: Lessons From the Foundation of the ECB (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:poleco:v:28:y:2012:i:4:p:512-523

DOI: 10.1016/j.ejpoleco.2012.05.001

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