credibility EBRS is associated with overheating and current account deficits, IRRs give rise to somewhat opposite results … costs infringed by imperfect credibility …

outside these rate-of-return bands can be used as a simple test of exchange rate credibility, under the assumption of …

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 …

credibility of the central bank. In contrast, conducting monetary policy with a flexible inflation target rule is likely to …

inflation inertia can emerge: the interaction between lack of credibility of government monetary policy announcements and the …. Lack of credibility is then shown to lead to output losses during a disinflation program. We demonstrate the effects of … during disinflation programs with and without price controls and the influence of credibility problems. We discuss nominal …

uncertain credibility. We consider an economy producing exportable and importable goods. The economy is liberalized, and tariffs … are eliminated. The public views the reform credibility as questionable, and expects the possibility of future policy …