Climate considerations are rising on the agenda of central banks worldwide. Given the importance of the general public's trust for the success of central bank policy, the objective of our study is to examine how this trust may change in response to green central bank measures. We rely on an independently conducted survey of 1000 Hungarian adults and apply multinomial and ordered logistic regressions. Our results indicate that even in an environment of high inflation, there is potential for some increase and limited risk of decrease in trust. We find that green variables are more important in explaining variance than those associated with the economy or institutions. A higher level of climate worry, seeing environmental protection as important, being a woman and being a student are associated with an expectation that trust would increase following the central bank's pro-environmental measures. Our findings provide support for the central bank's green programme and do not point to a need to modify the green programme, public relation efforts or the conducting of monetary policy on account of negative trust implications. Findings may be useful for other jurisdictions due to similarities in the trust-building process, climate change concerns and the monetary policy framework.

中文翻译：

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中央银行绿色方向对公众信任的影响——来自匈牙利的证据


气候考虑正在成为全球央行议程上的热门话题。鉴于公众的信任对央行政策成功的重要性，我们研究的目的是研究这种信任如何变化以应对绿色央行措施。我们依赖于对 1000 名匈牙利成年人独立进行的调查，并应用多项式和有序 logistic 回归。我们的结果表明，即使在高通胀的环境中，信任度也有可能有所增加，而信任度下降的风险有限。我们发现，在解释方差方面，绿色变量比与经济或制度相关的变量更重要。对气候的担忧程度更高，认为环境保护很重要，作为一名女性和作为一名学生，都与期望在央行采取亲环境措施后信任会增加有关。我们的研究结果为央行的绿色计划提供了支持，并没有指出需要因为负面信任影响而修改绿色计划、公共关系工作或实施货币政策。由于信任建立过程、气候变化问题和货币政策框架的相似性，研究结果可能对其他司法管辖区有用。