The paper presents estimates of a model of the credibility of the U.K. commitment to its central parity against the … deutsche mark during the period of U.K. ERM membership (1990-92). The measure of credibility used is the long-term interest … differential with Germany. Credibility is decomposed into two aspects: an assessment of whether the government was truly committed …

The paper presents estimates of a model of the credibility of the U.K. commitment to its central parity against the … deutsche mark during the period of U.K. ERM membership (1990-92). The measure of credibility used is the long-term interest … differential with Germany. Credibility is decomposed into two aspects: an assessment of whether the government was truly committed …

This paper reports the results of a survey among private sector economists about credibility and transparency of … Survey to answer questions on the importance and determinants of credibility. The results of both surveys are very comparable …. Credibility is considered to be important to attain price stability at low cost, while the best ways to earn credibility are a …

formation of inflation expectations and that the anti-inflationary credibility of both central banks is not perceived to differ …