resources internationally based, inter alia, on the perceived policy credibility of the national authorities and their policies …. The PTI shows that when a country has low credibility and is heavily indebted, investors hold its economy to a tighter … higher inflation, with limited or no impact on output. On the other hand, high credibility creates space for effective and …

policy credibility: when a country's credibility is low, they hold its economy to a tighter intertemporal budget constraint … credibility creates space for effective and noninflationary macro policies but, if such space is abused, credibility gets …

policy credibility: when a country's credibility is low, they hold its economy to a tighter intertemporal budget constraint … credibility creates space for effective and noninflationary macro policies but, if such space is abused, credibility gets …

resources internationally based, inter alia, on the perceived policy credibility of the national authorities and their policies …. The PTI shows that when a country has low credibility and is heavily indebted, investors hold its economy to a tighter … higher inflation, with limited or no impact on output. On the other hand, high credibility creates space for effective and …

part of this system have had confidence in it. Its credibility began to lose after the great crisis of 1992-1993, and in … 1999 it was recognised the failure of this system. In the present work we have chosen to analyze the credibility of the …

Credibility of an exchange rate policy is one of the most important factors contributing to success or failure of any … future course. There are clear advantages of high credibility of exchange rate policy to the country's disinflation efforts … whether one can quantify credibility and find factors that are affecting it. Various studies found in the literature have …