DOES THE BANK OF ENGLAND NEED GENDERED COMMUNICATION?

Michael McMahon and Lovisa Reiche

National Institute Economic Review, 2024, vol. 269, 29-46

Abstract: This study examines gender differences in inflation expectations, attitudes and responses using the UK Inflation Attitudes Survey. It finds minimal gender disparity in inflation perceptions and expectations but highlights greater uncertainty and inflation aversion among women. During inflationary periods, women are more likely to increase savings, whereas men typically push for higher wages. Gender gaps in financial knowledge and trust in the Bank of England (BoE) suggest tailored communication strategies may enhance engagement. While BoE policies effectively anchor expectations, improved outreach and diverse messaging could address women’s lower satisfaction and financial understanding. The findings underscore the role of inclusivity in effective monetary communication.

Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:cup:nierev:v:269:y:2024:i::p:29-46_4

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