Showing 1 - 10 of 583
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...
Persistent link: https://www.econbiz.de/10009569729
Persistent link: https://www.econbiz.de/10009577892
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
Persistent link: https://www.econbiz.de/10010519624
Persistent link: https://www.econbiz.de/10011417946
Persistent link: https://www.econbiz.de/10011305220
flexibility and credibility; similarly, New Zealand's improved inflation performance was achieved without a discernable increase …
Persistent link: https://www.econbiz.de/10009768267
Persistent link: https://www.econbiz.de/10009754892
It is often argued that certifiers have an incentive to offer inflated certificates, although they deny it. In this paper, we study a model in which a certifier is paid by sellers, and may offer them inflated certificates, but incurs costs if doing so. We find that the certifier may face a...
Persistent link: https://www.econbiz.de/10009411261
Persistent link: https://www.econbiz.de/10010360518