Central bank communication with non-experts: insights from a randomized field experiment

Alexander Jung and Francesco Paolo Mongelli

No 3103, Working Paper Series from European Central Bank

Abstract: We would like to thank Philipp Lane, Klaus Adam, Michael Ehrmann, Christophe Kamps, Timo Reinelt, Annalisa Ferrando, Philippine Cour-Thimann, Felix Hammermann, Davide Romelli, Andreas Kapounek, and colleagues from DG Communication for for their valuable feedback on earlier versions of this paper. This paper was presented at the 2025 AEA Conference in San Francisco, and we appreciate the feedback and suggestions received from the participants. We would also like to thank colleagues from 11 Business Areas of the ECB for their presentations to visitors, as well as colleagues from DG Communications for their support in conducting the surveys with the visitor groups, especially Alexandra Kroppenstedt, Nadia Bates, Christian Scherf, and Emma-Katharina David. This experiment is pre-registered in the AEA RCT registry (ID: AEARCTR-0012902). Declaration of Interest: Jung is employed by the European Central Bank. The views expressed in this article are those of the authors and do not necessarily reflect those of the ECB. The authors remain responsible for any errors or omissions. JEL Classification: C83, C93, D83, D84, E31, E58

Keywords: behavioral economics; central bank communication; inflation expectations; monetary policy knowledge; randomized controlled trial (search for similar items in EconPapers)
Date: 2025-08
New Economics Papers: this item is included in nep-cba, nep-exp and nep-mon
Note: 2106626
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Persistent link: https://EconPapers.repec.org/RePEc:ecb:ecbwps:20253103

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