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of global surprises.Design/methodology/approach - The PEFA framework is used to assess the budget credibility of Ghana …
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Understanding the sources of inflation persistence is crucial for monetary policy. This paper provides an empirical assessment of the influence of inflation expectations' anchoring on the persistence of inflation. We construct a novel index of inflation expectations' anchoring using survey-based...
Persistent link: https://www.econbiz.de/10011978669
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 …
Persistent link: https://www.econbiz.de/10011399168
, challenged the full credibility of the Swiss National Bank (SNB) in enforcing the lower barrier implemented in September 6, 2011 …, reaching a level of nearly 50%. The credibility of the SNB in maintaining the floor, as seen from the option market, was thus …
Persistent link: https://www.econbiz.de/10011569649
, such as the ERM, this policy was not undermined by credibility problems. The episode provides an ideal testing ground for …
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