Public satisfaction with BoE rises with policy understanding
Research recommends targeting young people with low incomes, as well as women
As the general public improves its understanding of monetary policy, its satisfaction grows with the policies of the Bank of England, research published by the Swiss National Bank shows.
Monetary Policy Too Complex for the Public? Evidence from the UK, by Adriel Jost, is based on the BoE’s Inflation Attitudes Survey. The author uses the survey data to construct a score to depict the banking knowledge of the respondents.
Despite the efforts of central banks such as the BoE to explain their
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