Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/279325 
Year of Publication: 
2023
Series/Report no.: 
CESifo Working Paper No. 10574
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
We conduct an information-provision experiment within a large-scale household survey on public finance in France, The Netherlands and Italy. We elicit prior opinions via open-ended questions and introduce a measure of macroeconomic policy literacy. A central bank (CB) educational blogpost explaining the mechanics of CB money preceded by a short video clip on public finance can persistently induce less support for monetary-financed proposals and more for fiscal discipline and CB independence, no matter the respondents' level of policy literacy. However, prior beliefs matter and contradictory information may be polarizing. Additional analysis of our data shows that information affects the respondents' views by shifting their inflation and tax expectations associated to these policies.
Subjects: 
large-scale household survey
information-provision experiment
RCT
central bank communication
expectations
JEL: 
E70
E60
E62
E58
G53
H31
C83
Document Type: 
Working Paper
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