We define and study transparency, credibility, and reputation in a model where the central bank's characteristics are … unobservable to the private sector and are inferred from the policy outcome. A low-credibility bank optimally conducts a more … inflationary policy than a high-credibility bank, in the sense that it induces higher inflation, but a less expansionary policy in …

Continental dollar lost credibility. Depreciation and collapse followed shortly thereafter …

We propose a continuous time model of nominal debt and investigate the role of inflation credibility in the potential … punishment of default. With high inflation credibility, which can be interpreted as joining a monetary union or issuing foreign … currency debt, debt is effectively real. By contrast, with low inflation credibility, sovereign debt is nominal and in a debt …

This paper studies the impact of public audit oversight on financial reporting credibility. We analyze changes in … filings after the new regime. Our results show that public audit oversight can enhance reporting credibility and that this … credibility is priced in capital markets …