Objective: The objective of the article is to shed new light on the relationship between central bank communication and the trust monetary institutions can obtain from ordinary citizens via a comparison of the European Central Bank (ECB) with the Federal Reserve (the Fed). Research Design &...

How do recession episodes experienced by central bankers in their impressionable years influence their monetary policy decision making during election periods? Using a large data of central bankers (from developed and developing countries) over the period 2000M1 to 2017M12, we find that central...