Accountability and Independent Central Banks: Europeans and Distrust of the European Central Bank

Karl Kaltenthaler · Christopher J. Anderson · William J. W. Miller

86 citations0/0 files storedJCMS Journal of Common Market Studies

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European Union Policy and Governance European Monetary and Fiscal Policies European Socioeconomic and Political Studies

Abstract

Abstract This article explores whether Europeans distrust the European Central Bank (ECB) because they dislike its policies or think they cannot control the institution. Distrust of the ECB is a function of individuals believing the bank cannot be counted on to fulfill the duties that Europeans have assigned it.

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1985The Optimal Degree of Commitment to an Intermediate Monetary Target 1983Rules, discretion and reputation in a model of monetary policy 1999Democracy, Accountability, and Representation 1999The Self-Restraining State 1993Europeans and the European Community: the dynamics of public support for European integration 1995Understanding variation in public support for European integration 2002The Democracy Deficit and Mass Support for an EU-Wide Government 2007Central Bank Autonomy: Lessons from Global Trends

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2022In Praise of Skepticism 2011Has the Financial Crisis Eroded Citizens’ Trust in the European Central Bank? Panel Data Evidence for the Euro Area 1999-2011 2018Instrumentalizing EMU’s democratic deficit: the ECB’s unconventional accountability measures during the eurozone crisis 2024Trust in the central bank, financial literacy, and personal beliefs 2022Drivers of trust in the ECB during the pandemic

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