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The unprecedented uncertainty brought about by the Covid-19 pandemic has wreaked havoc on the global economic, social, and political environment. Leaders across the globe have felt the need for incorporating urgent measures to counter these challenges in a constructive way. This study sheds...
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Monetary policy rules have been considered as fundamental protection against inflation. However, empirical evidence for a correlation between rules and inflation is relatively weak. In this paper, we first discuss likely causes for this weak link and present the argument that monetary commitment...
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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 …
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flexibility and credibility; similarly, New Zealand's improved inflation performance was achieved without a discernable increase …
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