Malikane, Christopher; Mokoka, Tshepo - In: The Quarterly Review of Economics and Finance 52 (2012) 3, pp. 266-271
The paper investigates the presence of monetary policy credibility in eight countries by filtering the residuals from an “augmented” Phillips curve. Two of the eight countries (US and New Zealand) exhibit robust credibility effects across samples. Two countries (South Africa and the UK)...