Caldas Montes, Gabriel; Cesar Albuquerque Bastos, Julio - In: Journal of Economic Studies 41 (2014) 3, pp. 387-404
credibility of the regime of inflation targeting are important to reduce the inflation bias and the effort of the monetary … credibility reduces the effort of the monetary authority in the conduct of monetary policy. The paper presents an econometric … credibility, and the gains of credibility reduce the effort of the monetary authority in the conduct of monetary policy, reducing …