Dufrénot, Gilles; Joyeux, Roselyne; Péguin-Feissolle, Anne - Department of Economics, Faculty of Business and Economics - 2006
In the literature, two important views concerning the conduct of monetary policy are construed. One view is that the central banks’ monetary policy must be credible if the authorities want to curb inflation. A second view is that central banks set their monetary policy by using all the...
