In this paper, we analyse the effects of objective and subjective knowledge about monetary policy, as well as the information search patterns, of German citizens on trust in the ECB. We rely on a unique representative public opinion survey of German households conducted in 2011. We find that...

Summary This paper tests for Wagner’s Law in Germany over the period 1960 to 1993, using quarterly data. The hypothesis is specified as the elasticity of the share of the state sector in GNP with respect to real GNP per capita. After testing for integration and cointegration, the elasticity...

In this paper, the evidence collected in the large literature on testing for Granger-causality from money to output is revisited. Using a broad data base of 14 EU countries plus Canada, the US and Japan, and quarterly data from the mid 1960s to mid 1990s, a number of hypotheses from this...