Christelis, Dimitris; Georgarakos, Dimitris; Jappelli, … - 2020
find that higher trust in the ECB lowers inflation expectations on average, and significantly reduces uncertainty about … future inflation. Moreover, results from quantile regressions suggest that trusting the ECB increases (lowers) inflation … expectations when the latter are below (above) the ECB's inflation target. These findings hold after controlling for people …