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?:abstract
  • Trust in policy makers uctuates signi cantly over the cycle and a¤ects the transmission mechanism. Despite this it is absent from the literature. We build a monetary model embedding trust cycles; the latter emerge as an equilibrium phenomenon of a game-theoretic interaction between atomistic agents and the monetary authority. Trust a¤ects agentsstochastic discount factors, namely the price of future risk, and through this it interacts with the monetary trans- mission mechanism. Using data from the Eurobarometer surveys we analyze the link between trust and the transmission mechanism of macro and monetary shocks: empirical results are in line with theoretical ones. (xsd:string)
?:author
?:comment
  • (Eurobarometer) (xsd:string)
?:dataSource
  • Eurobarometer-Bibliography (xsd:string)
?:dateModified
  • 2014 (xsd:gyear)
?:datePublished
  • 2014 (xsd:gyear)
?:duplicate
?:fromPage
  • 46 (xsd:string)
is ?:hasPart of
?:issueNumber
  • 14 (xsd:string)
is ?:mainEntity of
?:name
  • Trust in the monetary authority (xsd:string)
?:provider
?:publicationType
  • techreport (xsd:string)
?:sourceInfo
  • (14), 46, 2014 (xsd:string)
  • Bibsonomy (xsd:string)
?:studyGroup
  • EB - Standard and Special Eurobarometer (xsd:string)
?:tags
  • 2014 (xsd:string)
  • EB_input2015 (xsd:string)
  • EB_pro (xsd:string)
  • Eurobarometer (xsd:string)
  • FDZ_IUP (xsd:string)
  • checked (xsd:string)
  • english (xsd:string)
  • input2015 (xsd:string)
  • techreport (xsd:string)
?:toPage
  • 46 (xsd:string)
rdf:type
?:url