Loewy, Michael B - In: Economic Inquiry 26 (1988) 2, pp. 253-63
This paper considers a reformulation of David Backus and John Driffil's (1985) model of credibility following a change in regime. Following G uido Tabellini (1987), the author alters their model to better fit ma croeconomic policymaking as it is formulated in the United States whe re monetary...