欧洲央行：央行与非专家的沟通：来自大规模实地实验的见解（英文版）

We conducted a randomized field experiment to investigate the impact of direct central bank communication on the monetary policy knowledge and expectations of non-experts. Between 2022 and 2025, at the ECB Visitor Centre, we exposed nearly 5,000 participants from diverse visitor groups to policy briefings, similar to the communication at ECB press conferences. The random assignment of participants to treatment, placebo, or control groups created exogenous variation in the information they rec