Kozicki, Sharon; Tinsley, P.A. - Center for Financial Studies - 2003
the true target. The paper shows how imperfect policy credibility can affect economic responses to structural shocks … target. The paper
shows how imperfect policy credibility can affect economic responses to structural shocks,
including … inflation.
JEL Classification: E43, E52, D82, D83
Keywords: transmission mechanism, learning, policy credibility, time …