The Fed's Voice: How Central Bank Communications Impact Public Trust
Abstract/Description
This paper explores the impact of central bank communication on public trust in monetary institutions. We use data from the Booth Chicago School Financial Trust Index. The results from logistic regression analysis indicates that Ben Bernanke's "taper tantrum" speech had a negative effect on trust in the Federal Reserve. Whereas speeches given during the financial crisis and the COVID-19 pandemic did not show significant effect related to citizen trust in FED.
Keywords
Track
Finance
Session Number/Theme
4A: Finance
Session Chair
Dr. Saqib Sharif ; Dr. Mujeeb Bhayo
Start Date/Time
31-5-2024 9:00 AM
End Date/Time
31-5-2024 12:00 AM
Location
MCS – 3 AMAN CED Building
Recommended Citation
Raza, S. (2024). The Fed's Voice: How Central Bank Communications Impact Public Trust. 3rd IBA SBS International Conference 2024. Retrieved from https://ir.iba.edu.pk/sbsic/2024/program/62
COinS
The Fed's Voice: How Central Bank Communications Impact Public Trust
MCS – 3 AMAN CED Building
This paper explores the impact of central bank communication on public trust in monetary institutions. We use data from the Booth Chicago School Financial Trust Index. The results from logistic regression analysis indicates that Ben Bernanke's "taper tantrum" speech had a negative effect on trust in the Federal Reserve. Whereas speeches given during the financial crisis and the COVID-19 pandemic did not show significant effect related to citizen trust in FED.
