Advanced economies most likely to survey trust and understanding
Data shows differences in how central banks judge the effectiveness of monetary policy
Advanced economy (AE) central banks are more likely than their emerging market economy (EME) counterparts to use surveys of trust and understanding to gauge the impact of monetary policy.
Data from the Monetary Policy Benchmarks 2023 shows the biggest gap between AE and EME approaches in surveys of trust and understanding. Nearly 44% of AEs use this approach, compared with around 16% of EME central banks.
Overall, AEs tend to use a wider range of tools to judge how policy is transmitted to
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