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Inflation and trust in the central bank in non-advanced economies
[Inflation et confiance en la banque centrale dans les économies non-avancées]

Author

Listed:
  • Aurélien Guillou
  • Albin Salmon
  • Paul Vertier

Abstract

Survey data covering 100 “non-advanced economies” show a negative correlation between inflation and trust in the central bank, which is more pronounced under inflation-targeting regimes. While this trust is affected by a number of factors and also influences inflation, it depends on the central bank's ability to meet its monetary policy objectives. Des données d’enquêtes couvrant cent « économies non-avancées » permettent d’établir une corrélation négative entre inflation et confiance en la banque centrale, plus marquée en régime de ciblage d’inflation. Si cette confiance est affectée par divers facteurs et influence aussi l’inflation, elle dépend de la capacité de la banque centrale à respecter ses objectifs de politique monétaire.

Suggested Citation

  • Aurélien Guillou & Albin Salmon & Paul Vertier, 2025. "Inflation and trust in the central bank in non-advanced economies [Inflation et confiance en la banque centrale dans les économies non-avancées]," Eco Notepad 423, Banque de France.
    • Handle: RePEc:bfr:econot:423
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