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Lobbying, Information Transmission, and Unequal Representation

Lagerlof, Johan; Frisell, Lars - EconWPA - 2004

We study the effects of unequal representation in the interest-group system on the degree of information transmission …

Persistent link: https://www.econbiz.de/10005413244

Lobbying, Information Transmission, and Unequal Representation

Lagerlof, Johan; Frisell, Lars - EconWPA - 2004

We study the effects of unequal representation in the interest-group system on the degree of information transmission …

Persistent link: https://www.econbiz.de/10005076613

Brand Trial After a Credibility Change

Montgomery, David; Armstrong, JS - EconWPA - 2005

consumers somewhat bewildered or cynical. What would happen if the credibility of the appeals made on behalf of one brand should … respond to such a change in credibility? …

Persistent link: https://www.econbiz.de/10005556569

Exchange Rate Regime Credibility, the Agency Cost of Capital and Devaluation

Craine, Roger - EconWPA - 1999

' (investors'?) motives are unobservable. This paper analyzes the crucial role of imperfect credibility in a currency crisis with a … innovations: (1) It specifies the cost of imperfect credibility, and (2) It quantifies the cost of imperfect credibility …. Imperfect credibility generates small (but costly) average interest rate differentials. Imperfect credibility cannot generate …

Persistent link: https://www.econbiz.de/10005556590

Reflections on the Current Fashion For Central Bank Independence

Bibow, Jörg - EconWPA - 2001

This paper challenges the time-inconsistency case for central bank independence. It argues that the time-inconsistency literature not only seriously confuses the substance of the rules versus discretion debate, but also posits an implausible view of monetary policy. Most worrisome, the...

Persistent link: https://www.econbiz.de/10005561151

Sustaining Imperfectly Credible Trade Liberalization: Do the Rate of Tariff Reduction and the Degree of Labor Mobility Matter?

Tatum, Robert C. - EconWPA - 2005

Imperfectly credible trade liberalization can lead to balance of payment deterioration and a subsequent reversal of the reform. Therefore, this paper examines whether the likelihood of policy reversal depends on the rate of tariff reduction or the degree of labor mobility. The analysis shows...

Persistent link: https://www.econbiz.de/10005125497

Liquidity Preference Theory Revisited—To Ditch or to Build on It?

Bibow, Joerg - EconWPA - 2005

Keynes’s analysis offers insights into practical issues, such as policy credibility and expectations management, that reach …

Persistent link: https://www.econbiz.de/10005126066

Stabilisations, Crises and the "Exit" Problem - A Theoretical Model

Bleaney, Michael; Gundermann, Marco - EconWPA - 2002

Exchange-rate-based stabilisations, even if successful, usually lack credibility initially. This is reflected in high …

Persistent link: https://www.econbiz.de/10005126376

The credibility of monetary policy: a survey of the literature with some simple applications to Caanda

Amano, Robert; Fenton, Paul; Tessier, David; Norden, … - EconWPA - 1996

We don't have an abstract yet, sorry. But I think the title is pretty descriptive.

Persistent link: https://www.econbiz.de/10005407873

Labour market flexibility and policy coordination in a monetary union

Rantala, Anssi - EconWPA - 2004

Sufficiently flexible labour markets are considered an important precondition for countries to benefit from membership in the monetary union. Economic policy coordination within the European Community is extensive and includes issues related to labour market structures. In this paper we study...

Persistent link: https://www.econbiz.de/10005412650