The Influence of Media Use on Laymen's Monetary Policy Knowledge in Germany

Hayo, Bernd; Neuenkirch, Edith

doi:10.2139/ssrn.2721736

Cited by 8 publications

(12 citation statements)

References 37 publications

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“…This result is consistent with studies showing that women are less likely to be interested in acquiring information about the economy (Holbrook and Garand 1996;Paldam and Nannestand 2000;Dettrey and Palmer 2013;Hayo and Neuenkirch 2018).…”

Section: Unawareness Of the Signalling Processsupporting

confidence: 91%

Political budget cycles revisited: Testing the signalling process

García

Hayo

2021

European Journal of Political Economy

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A widespread view in the 'political budget cycles' literature is that incumbent politicians seek to influence voters' perceptions of their competence and/or preferences by using the composition of the fiscal budget as a signalling tool. However, little is known about whether voters actually receive and perceive the signal in that way. To empirically assess the relevance of the signalling channel at the municipal level, we conducted a survey among 2,000 representative German citizens in 2018. Only a small fraction of voters feel well-informed about the fiscal budget signal and use the information it contains to decide whether to vote for the incumbent politician. Persons paying more attention to the signal sent by local politicians live in smaller municipalities, are more satisfied with their economic situation, are more educated, and do not feel that they are being electorally targeted. Our analysis suggests that the municipal voting decision, at least in Germany, is a more complex process than is commonly assumed in political budget cycle models.

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Section: Unawareness Of the Signalling Processsupporting

confidence: 91%

Political budget cycles revisited: Testing the signalling process

García

Hayo

2021

European Journal of Political Economy

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“…This apparent contradiction can be due to a lack of awareness of the need or effectiveness of hand-washing, but it could also be attributed, in part, to the widespread belief that COVID-19 is caused by “demonic forces” (44% in our sample), with the often-expressed implication that “children of God can’t be infected by this disease”. In China, a study found that residents with a relatively high SES, had good knowledge, optimistic attitudes, and appropriate practices towards COVID-19 during the rapid rise period of the outbreak, and good knowledge was associated with optimistic attitudes and appropriate practices towards COVID-19 [ 19 , 20 ]. An online study in the USA reported that, in response to COVID-19, 95.7% of respondents had made changes to their lifestyle, including hand-washing (93.1%), avoidance of social gatherings (89.0%), and stockpiling food and supplies (74.7%) [ 21 ].…”

Section: Discussionmentioning

confidence: 99%

COVID-19 Pandemic: Knowledge and Attitudes in Public Markets in the Former Katanga Province of the Democratic Republic of Congo

Kuhangana

Mbayo

Kitenge

et al. 2020

IJERPH

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Background. Public markets were exempted from the restrictive regulations instituted to limit the rapid spread of the COVID-19 pandemic in the Democratic Republic of the Congo (DRC). In the early stage of the pandemic, we assessed people’s knowledge, attitudes, and behavior on public markets towards COVID-19. Methods. We conducted a cross-sectional study from 16 to 29 April 2020 among sellers and customers frequenting the food sections of ten public markets in three large cities (Kolwezi, Likasi, and Lubumbashi) and one small town (Lwambo) of the former Katanga province. We administered a questionnaire on knowledge (about clinical characteristics, transmission and prevention) and on attitudes in relation to COVID-19. We also observed prevailing practices (hand-washing and mask-wearing). Results: Of the 347 included participants (83% women, 83% sellers), most had low socioeconomic status and a low level of education. Only 30% of participants had correct knowledge of COVID-19. The majority of the respondents (88%) showed no confidence in the government’s ability to manage the upcoming pandemic crisis. Nearly all respondents (98%) were concerned about the associated increase in food insecurity. Preventive practices were rarely in place. Conclusion: For an effective implementation of measures to prevent the spread of COVID-19 in Africa, appropriate health education programs to improve knowledge and attitudes are warranted among the population frequenting public markets.

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“…The gap arises, because professional watchers follow closely announcements by central banks and are mainly interested in monetary news, which potentially drive financial market developments. 22 By comparison, search activities by non-experts are largely attributable to the financial literacy motive (Hayo & Neuenkirch, 2018). Because households are sluggish in updating their inflation expectations and tend to ignore media news if central banks succeed in anchoring inflation expectations, inflation expectations of households are generally found to be less accurate (and rational) than those by professional forecasters.…”

Section: Information Demand and Inflation Expectationsmentioning

confidence: 99%