Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/70218
Authors: 
Roth, Felix
Gros, Daniel
Nowak-Lehmann D., Felicitas
Year of Publication: 
2012
Series/Report no.: 
Discussion Papers, Center for European Governance and Economic Development Research 124
Abstract: 
In the aftermath of the financial crisis trust, in the European Central Bank (ECB) has reached an historical low. Taking panel data and using a fixed effects DFGLS estimation for a 12–country sample over the time period 1999 to 2011 with a total of 312 observations, this paper detects a structural break in citizens’ trust in the ECB. The paper confirms that during the pre-crisis period, citizens’ trust in the ECB was driven by economic growth. In crisis time, however, trust in the ECB is both driven by inflation and unemployment.
Subjects: 
Financial Crisis
Trust
European Central Bank
Document Type: 
Working Paper

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