Rebucci, Alessandro; Rossi, Marco - In: Economics Bulletin 6 (2006) 11, pp. 1-8
This paper proposes a new empirical measure of disinflation credibility and applies it to the IMF-supported disinflation program in Turkey since the 2001 crisis. This measure relies only on the consumer price index and can thus be easily applied in countries in which asset prices and survey...
