Coping with People’s Inflation Perceptions During a Currency Changeover

The gap between actual and perceived inflation is one of the more unexpected consequences of the euro changeover in January 2002. In this note we argue that this gap was caused by a lack of preparation and experience of the authorities to appropriately communicate with the public during the changeover. Using principles of crisis communication we identify the mistakes made and give policy recommendations for future changeovers.

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Year of publication:	2006-12
Authors:	Eife, Thomas A. ; Coombs, W. Timothy
Institutions:	Alfred-Weber-Institut für Wirtschaftswissenschaften, Fakultät für Wirtschafts- und Sozialwissenschaften
Subject:	crisis communication \| transformative explanation \| perceived inflation \| euro changeover

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 0435 13 pages
Classification:	E50 - Monetary Policy, Central Banking and the Supply of Money and Credit. General ; E60 - Macroeconomic Policy Formation, Macroeconomic Aspects of Public Finance, Macroeconomic Policy, and General Outlook. General ; Y80 - Related Disciplines
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005150935