credibility (or lack-of-trust) problem for monetary policy. This indicates a possible and until now unexplored link between social … trust and central-bank independence. Our empirical findings, based on data from 149 countries, confirm that there is such a … of reform and the ability with which it can be implemented. At low trust levels, the need for central-bank independence …

special focus on a cultural factor, social trust. We find empirical support for an inverse u-shape: Countries with low and … high social trust implemented their reforms earlier than countries with intermediate levels. We make use of two factors to … explain this pattern: the need to undertake reform (which is more urgent in countries with low social trust) and the ability …

credibility (or lack-of-trust) problem for monetary policy. This indicates a possible and until now unexplored link between social … trust and central-bank independence. Our empirical findings, based on data from 149 countries, confirm that there is such a … of reform and the ability with which it can be implemented. At low trust levels, the need for central-bank independence …

Social trust has been identified as a catalyst for reforms. We take the literature further in two ways. First, we make … a fine-grained analysis of mechanisms through which social trust enables liberalizing reforms – by strengthening the … areas from reforms that decrease it. We study separately how social trust, interacted with the different types of political …

special focus on a cultural factor, social trust. We find empirical support for an inverse u-shape: Countries with low and … high social trust implemented their reforms earlier than countries with intermediate levels. We make use of two factors to … explain this pattern: the need to undertake reform (which is more urgent in countries with low social trust) and the ability …

credibility (or lack-of-trust) problem for monetary policy. This indicates a possible and until now unexplored link between social … trust and central-bank independence. Our empirical findings, based on data from 149 countries, confirm that there is such a … of reform and the ability with which it can be implemented. At low trust levels, the need for central-bank independence …