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mainly recommended by theory and empirical literature. But Cold Turkey may only be superior because it is endogenously … disinflation policy from ex-ante credibility, I run an experiment where a central banker has to decide for a disinflationary …
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In experimental investigations of the effect of real incentives, accountability-the implicit or explicit expectation of a decision maker that she may have to justify her decisions in front of somebody else-is often confounded with the incentives themselves. This confounding of accountability...
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