Research Interests: Psychology and Economics
<p class="FreeForm"><span lang="EN-GB">Recent theoretical developments in monetary policy are based on the view that the effectiveness of monetary policy is strongly influenced by the interaction between... more
<p class="FreeForm"><span lang="EN-GB">Recent theoretical developments in monetary policy are based on the view that the effectiveness of monetary policy is strongly influenced by the interaction between the behaviour of the monetary policy-makers and the private sector. Optimal monetary policy and the possible desirability of central bank independence are directly related to respective assumptions about the information and opinion of the private sector. These assumptions are tested in Italy and the Netherlands. Surveys conducted through telephone and face-to-face interviews show central bank independence and future inflation estimates that are higher among people with higher education and lower for those with lower education. Also revealed is a central bank that is more concerned with unemployment and a government that is concerned with inflation. The glaring result, however, is the public's lack of awareness about a trade-off between inflation and unemployment.</span></p><p class="FreeForm"><span lang="EN-GB"><br /></span></p><p class="FreeForm"><span lang="EN-GB">JEL: E52, E58</span></p>
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Many recent pension reforms require individuals to make more decisions on supplementary savings, investment choices, etc. Governments and the pension industry try to assist individuals through pension communication but little is known... more
Many recent pension reforms require individuals to make more decisions on supplementary savings, investment choices, etc. Governments and the pension industry try to assist individuals through pension communication but little is known about the effectiveness of such policies. This paper uses Dutch longitudinal data to analyse the causal links between communication, pension knowledge, and conscious pension decision-making. A robust finding is that pension knowledge has a positive causal effect on active pension decision-making. Providing an annual pension statement might have a small positive effect on pension knowledge, but this result is sensitive to the identifying assumptions.
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People often intend to exercise but find it difficult to attend their gyms on a regular basis. At times, people seek and accept deadlines with consequences to realize their own goals (i.e. commitment devices). The aim of our cluster... more
People often intend to exercise but find it difficult to attend their gyms on a regular basis. At times, people seek and accept deadlines with consequences to realize their own goals (i.e. commitment devices). The aim of our cluster randomized controlled trial is to test whether a lottery-based commitment device can promote regular gym attendance. The winners of the lottery always get feedback on the outcome but can only claim their prize if they attended their gyms on a regular basis. In this paper we present the design and baseline characteristics of a three-arm trial which is performed with 163 overweight participants in six in-company fitness centers in the Netherlands.
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KNAW Narcis. Back to search results. Publication Financial Stability and Efficiency in the Twentieth Century: the Netherlands (2001). Pagina-navigatie: Main. ...
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Page 1. KYKLOS, Vol. 49 - 1996 - F~c. 3,377 - 405 Commitment Rather than Independence: An Institutional Design for Reducing the Inflationary Bias of Monetary Policy Henriette M. Prast* 1. INTRODUCTION Already in 1962 ...
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... Author Info. HM Prast Additional information is available for the following registered author(s): Henriette Prast. Abstract. This study gives a critical assessment of the existing empirical literature on central bank independence and... more
... Author Info. HM Prast Additional information is available for the following registered author(s): Henriette Prast. Abstract. This study gives a critical assessment of the existing empirical literature on central bank independence and inflation. ...
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Research Interests: Bank and Capital Ratios
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In dit artikel worden de uitkomsten gepresenteerd van de vijfde in september 1997 in opdracht van de Bank gehouden enquête over de euro onder het nederlandse publiek en bedrijfsleven
This paper reviews the state of confidence and trust in the Netherlands, with special attention to the financial sector. An attempt has been made to identify the factors that determine individual trust and confidence and to uncover... more
This paper reviews the state of confidence and trust in the Netherlands, with special attention to the financial sector. An attempt has been made to identify the factors that determine individual trust and confidence and to uncover connections between the various variables. Based on surveys over the period 2003-2006, the data show that interpersonal trust in the Netherlands the extent to which the Dutch trust each other is high from both an international and an historical perspective. People who trust others typically display higher trust in institutions, promoting the smooth operation of such institutions. Yet the Dutch have little trust in some of the country s institutions, i.e., the euro, parliament and the social security system. However, the level of trust in financial institutions and the Dutch central bank is high, although trust in the integrity of business is clearly lower than that in financial institutions but still higher than that in parliament. The high level of trust...
ABSTRACT This paper is focused on the economics of financing banking supervision. Two questions are investigated: What are the most common financing practices? Can we explain differences in current financing practices by country specific... more
ABSTRACT This paper is focused on the economics of financing banking supervision. Two questions are investigated: What are the most common financing practices? Can we explain differences in current financing practices by country specific factors, using a path dependence approach? Given a sample of 90 banking supervisors (central banks and financial authorities), we perform an empirical analysis that identifies the determinants of the financing structure of banks&#39; prudential supervision. First, the financing rule is a function of the type of supervisory authority: if the supervisor is a central bank the public funding is more likely to occur, while the probability of a supervision funded via a levy on the regulated banks is higher if the supervisor is a financial authority. Secondly, the financing rule depends on the structure of the financial systems. In the bank oriented systems, the public funding is more likely to occur. Finally the geographical factor is also significant: European countries seem to be more oriented towards the private funding regime. In general we do not find evidence of the role of the political factor, the economy&#39;s size or the level of development and legal tradition.