Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/297421 
Year of Publication: 
2023
Series/Report no.: 
Bank of Canada Staff Working Paper No. 2023-36
Publisher: 
Bank of Canada, Ottawa
Abstract: 
We conduct an experiment within a large-scale household survey on public finance in France, the Netherlands and Italy. We elicit prior beliefs via open-ended questions and introduce a measure of macroeconomic policy literacy. An educational blog post from a central bank (CB) that opposes monetary-financed policies preceded by a short video on public finance can induce less support for monetary-financed proposals and more support for fiscal discipline and CB independence, no matter the respondent's level of literacy. However, prior beliefs matter, and contradictory information may be polarizing. Information affects the respondents' views by shifting their inflation and tax expectations associated to these policies.
Subjects: 
Central bank research
Fiscal policy
Monetary policy
JEL: 
E70
E60
E62
E58
G53
H31
C83
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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