PUBLIC CONFIDENCE IN THE BANK OF ENGLAND

2024/01/01 by Ana Carolina Garriga · 1 voice
Economics, Econometrics and Finance · #Economic, financial, and policy analysis

paper · pdf · doi:10.1017/nie.2024.30

openalex publication_date 2024/01/01 · openalex created_date 2025/10/10 · openalex updated_date 2026/05/21

Abstract

Abstract This article analyses the correlates of public confidence in the Bank of England (BoE) both at the aggregate and individual levels to answer the following two questions: What are the correlates of trust in the BoE? Is the inflation surge associated with a structural shift in attitudes towards the BoE? Data from the BoE’s Inflation Attitudes survey (2001–2023) suggest that although inflation performance and public trust seem associated at the aggregate level, at the individual level this correlation is weaker. Further analyses suggest some changes in the correlates of public confidence since the inflation surge.

Citations

• Institutional Trust and Subjective Well‐Being across the EU
• Central Bank Communication and Monetary Policy: A Survey of Theory and Evidence
• Inflation expectations as a policy tool?
• Political Pressure on Central Banks

Discussions

• Some of the work I did while visiting at @niesrorg.bsky.social just came out! Data show that public confidence depends in part on the Bank’s actual performance, but objective performance & perception [bsky, 2 points, 0 comments]

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