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extent to which inflation expectations are formed by the announced targets. As the credibility of the central bank increases … target. Credibility enables expectation to be formed in a forward-looking way by weakening its connection with the past. This … study aims to contribute to the literature concerning the effects of credibility on monetary policy. For this purpose, using …
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-makers to repeatedly commit to three-year non-indexed wage agreements. Inflation targeting gained instant credibility in the … announced. Inflation targeting has thus reduced macroeconomic uncertainty compared to previous regimes adopted in Sweden … fixed exchange rates. As judged by the reactions of the labor market participants, inflation targeting in Sweden is a …
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) that fiscal reform is of utmost importance for macroeconomic reforms, (2) that credibility cannot be imported via a fixed …
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Zentrale Maßnahmen zur Überwindung der Bankenkrisen der 90er Jahre in Schweden und Finnland waren in beiden Ländern der …
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-school educational opportunities in Scotland and Sweden that have been able to establish themselves in a rural setting affected by … verstärken. In diesem Beitrag untersuchen wir zwei Beispiele nachschulischer Bildungsangebotein Schottland und Schweden …
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