The Influence of Media Use on Layperson Monetary Policy Knowledge in Germany

26 Pages Posted: 4 Jan 2018

See all articles by Bernd Hayo

Bernd Hayo

University of Marburg - School of Business & Economics

Edith Neuenkirch

University of Marburg - School of Business & Economics

Date Written: February 2018

Abstract

We analyse German citizens' knowledge about monetary policy and the European Central Bank (ECB), as well as the public's use of mass communication media to obtain information about the ECB. We find that a person's own desire to be informed about the ECB, together with the use of various media channels to keep informed, are decisive for both (1) own perception of knowledge about the ECB and (2) actual level of knowledge. The media‚Äźrelated influence varies with a person's level of education and is stronger for subjective knowledge. Women are significantly less interested in or knowledgeable about both topics.

Suggested Citation

Hayo, Bernd and Neuenkirch, Edith, The Influence of Media Use on Layperson Monetary Policy Knowledge in Germany (February 2018). Scottish Journal of Political Economy, Vol. 65, Issue 1, pp. 1-26, 2018. Available at SSRN: https://ssrn.com/abstract=3096259 or http://dx.doi.org/10.1111/sjpe.12141

Bernd Hayo (Contact Author)

University of Marburg - School of Business & Economics ( email )

Universitaetsstr. 24
Marburg, D-35032
Germany
++49(0)6421-28-23091 (Phone)
++49(0)6421-28-23193 (Fax)

Edith Neuenkirch

University of Marburg - School of Business & Economics ( email )

Am Plan 2
Marburg, D-35037
Germany

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
1
Abstract Views
129
PlumX Metrics