IDEAS home Printed from https://ideas.repec.org/a/agr/journl/v3(508)y2007i3(508)p17-48.html
   My bibliography  Save this article

The Impact of the Public Authorities’ Messages – the European Central Bank Case

Author

Listed:
  • Ioan Talpos
  • Bogdan Dima
  • Cosmin Enache
  • Valentin Munteanu
  • Mihai Mutascu

    (West University of Timisoara)

Abstract

The public authorities (the agency) messages could play a key role in the social subjects’ decisions. How and when the agency communicates the path of its future policies influences the present social and economic architecture. The aim of this paper is to advance an explanatory framework for the connections between the transparency and credibility of the public authorities and the volatility of the social output. In order to provide some empirical evidences, the paper will consider the case of the European Central Bank as a representative monetary authority. The main output of the paper resides in the thesis that, with a certain consistency, there are some connections between the agency’s mandates, the types of the messages transmitted by the agency and the volatility of the obtained results, and also in the idea that an agency entrusted with a “strong” mandate could transmit “mixed” type messages (i.e. “informative-persuasive” ones) which, in special conditions, could influence the decisions of certain categories of clients and/ or non-members. Of course, the following core question still remains: “How sustainable could be the effects induced by the impact of different agency messages received by the various beneficiaries?” And this, because in the end “The one who knows does not speak and the one who speaks does not know” (LAO ZI - DAO DE JING).

Suggested Citation

  • Ioan Talpos & Bogdan Dima & Cosmin Enache & Valentin Munteanu & Mihai Mutascu, 2007. "The Impact of the Public Authorities’ Messages – the European Central Bank Case," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 3(3(508)), pages 17-48, March.
    • Handle: RePEc:agr:journl:v:3(508):y:2007:i:3(508):p:17-48
    as

    Download full text from publisher

    File URL: http://store.ectap.ro/articole/5.pdf
    Download Restriction: no
    File URL: http://www.ectap.ro/articol.php?id=5&rid=23
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:agr:journl:v:3(508):y:2007:i:3(508):p:17-48. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Mircea Dinu (email available below). General contact details of provider: https://edirc.repec.org/data/agerrea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.