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international dimension, as higher world inflation is positively correlated with inflation targets. Rapidly growing countries … macroeconomic environment. We find that central bank credibility is negatively associated with the level of inflation target …
Persistent link: https://www.econbiz.de/10010322261
This paper analyzes whether nation-state governments can increase their credibility by becoming members of … international organizations. Credibility is an important asset because it determines the real interest rate and is expected to have … organizations can improve the credibility of nation-state governments. This hypothesis is tested by introducing a new indicator. On …
Persistent link: https://www.econbiz.de/10010263282
This paper analyzes whether nation-state governments can increase their credibility by becoming members of … international organizations. Credibility is an important asset because it determines the real interest rate and is expected to have … organizations can improve the credibility of nation-state governments. This hypothesis is tested by introducing three new indicators …
Persistent link: https://www.econbiz.de/10010264350
macroeconomic model of commitment and credibility. As the dependent variable, we calculate a post-reform inflation rate. The …
Persistent link: https://www.econbiz.de/10010270683
This paper analyzes whether nation-state governments can increase their credibility by becoming members of … international organizations. Credibility is an important asset because it determines the real interest rate and is expected to have … organizations can improve the credibility of nation-state governments. This hypothesis is tested by introducing three new indicators …
Persistent link: https://www.econbiz.de/10010277771
credibility (or lack-of-trust) problem for monetary policy. This indicates a possible and until now unexplored link between social …
Persistent link: https://www.econbiz.de/10010320270
We develop a test for adverse selection and use it to examine private health insurance markets. In contrast to earlier papers that consider a purely private system or a system in which private insurance supplements a public system, we focus our attention on a system where privately funded health...
Persistent link: https://www.econbiz.de/10010292988
Vertragstheorie - ausgewählte Ansatzpunkte zur Betrugsbekämpfung und insbesondere das Problem der Sanktionierung von ertappten …
Persistent link: https://www.econbiz.de/10010307648
We use experiments to test comparative statics predictions of canonical tournament theory. Both the roles of principal and agent are populated by human subjects, allowing us to test predictions for both incentive responses and optimal tournament design. Consistent with theory, we observed an...
Persistent link: https://www.econbiz.de/10010282234
The present paper is a first attempt to develop a theoretical model using a short-term vis-à-vis long-term contract framework within which donor countries’ endorsement or rejection decision towards the recently proposed International Finance Facility (IFF) is rationalized. The current foreign...
Persistent link: https://www.econbiz.de/10010284734