macroeconomic model of commitment and credibility. As the dependent variable, we calculate a post-reform inflation rate. The … exogenous variables are the degree of legal commitment and the constraining influence of institutions. The paper allows for the … conclusion that monetary commitment, the consideration of institutional constraints and abstinence from the money press are …

macroeconomic model of commitment and credibility. As the dependent variable, we calculate a post-reform inflation rate. the … exogenous variables are the degree of legal commitment and the constraining influence of institutions. The paper allows for the … conclusion that monetray commitment, the consideration of institutional constraints and abstinence from the money press are …

of the employees and analyze, whether commitment by determining the wage contract prior to the competitor is profitable … rent-seeking contests emphasizing that commitment via rent-seeking expenditures is unprofitable in symmetric contests. …

The effect of 'locking-in' economic reform and enhancing its credibility is generally regarded as one of the most … general framework for assessment to evaluate the ability of RIAs to serve as effective mechanisms for 'commitment' and …-European AA, if it were to come into force, should be able to deliver an appropriate mechanism for signalling and commitment and …