Basco, Emiliano; Castagnino, Tomás; Katz, Sebastián; … - Banco Central de la República Argentina - 2007
volatility and crisis probability. The uncertainty and low credibility of policies have shown a tendency to mutually reinforce by … the efficacy, margins, and hence, the credibility of monetary policy. Experience shows that under such environment … of crisis that, from our point of view, have mainly characterized our economies in the near past. Moreover, we emphasize …