Credibility of Policies Versus Credibility of Policymakers

Credibility of Policies Versus Credibility of Policymakers
Standard models of policy credibility, defined as the expectation that an announced policy will be carried out, emphasize the preferences of the policymaker, and the role of tough policies in signalling toughness and raising credibility. Whether a policy is carried out, however, will also reflect the state of the economy. We present a model in... READ MORE...

Publication date: May 1994
ISBN 9781451971811
$15.00

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