Search Results for Policy credibility

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A long-standing conjecture in macroeconomics is that recent declines in exchange rate...

In this paper, we analyze how lack of credibility and transparency of monetary and fiscal...

This paper investigates the meaning of the bottom of target bands in inflation targeting regimes....

Understanding the sources of inflation persistence is crucial for monetary policy. This paper...

Institutions aimed at constraining policy discretion to promote sound fiscal policies are once...

This paper extends a small linear model of the Israeli economy to allow for nonlinearities in the...