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We use a version of the Fuhrer-Moore model to study the effects of expectations and central bank credibility on the … credibility (full versus partial). In general, the various specifications exhibit qualitatively similar behavior and can …, the specification with adaptive expectations and partial credibility is the only one to capture the temporary rise in the …
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expectations in the price and wage setting process and on the credibility of monetary policy in the expectation formation process …
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investigates the driving factors of disagreement, paying special attention to the influence of monetary authorities' credibility …' credibility; this relationship is positive in the case of the growth rate of industrial production. …
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expectations in the price and wage setting process and on the credibility of monetary policy in the expectation formation process …
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