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Macroeconomic Policy Design Using Large Rational Expectations Models: Methodology and Applications

Christodoulakis, Nikos; Gaines, Jessica; Levine, Paul L - C.E.P.R. Discussion Papers - 1988

. In the absence of a reputation for precommitment the optimal policy will lack credibility and the policy-maker must be …

Persistent link: https://www.econbiz.de/10005666971

Making rules credible: Divided government and political budget cycles

Streb, Jorge M.; Torrens, Gustavo F. - Universidad del CEMA - 2009

Political budget cycles (PBCs) result from the credibility problems that office-motivated incumbents face under …

Persistent link: https://www.econbiz.de/10005668683

Exchange Rate and Interest Rate Volatility in a Target Zone: The Portuguese Case

Duarte, António Portugal; Andrade, João Sousa; … - Grupo de Estudos Monetários e Financeiros (GEMF), … - 2008

. These results express the increased credibility of the Portuguese monetary policy, due manly to the modernisation of the … zone was crucial to create the conditions of stability, credibility and confidence necessary for the adoption of a single …

Persistent link: https://www.econbiz.de/10005670368

Effets de voisinage et localisation : la ségrégation urbaine est-elle inéluctable ?.

Moizeau, Fabien; Tropeano, Jean-Philippe; Vergnaud, … - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2008

In this paper, we provide a theoretical framework for exploring the consequences of neighborhood informational effects - identified as role models - so as to deduce the urban configuration. With this aim, we have developed an overlapping generations model of community formation. When young, an...

Persistent link: https://www.econbiz.de/10005670859

'The Cost of Political Intervention in Monetary Policy'

Cobham, David; Papadopoulos, Athanasios; Zis, George - School of Economics and Finance, University of St. Andrews - 2001

Germany (but not the US) and the UK was systematically related to an index of the credibility of monetary policy constructed …

Persistent link: https://www.econbiz.de/10005673178

Are Bygones not Bygones? Modeling Price Level Targeting with an Escape Clause and Lessons from the Gold Standard

Masson, Paul R.; Shukayev, Malik D. - Bank of Canada - 2008

some parameterizations, there is a low credibility equilibrium (with high expectation of a reset) associated with high …

Persistent link: https://www.econbiz.de/10005673288

Transparência, condução da política monetária e metas para inflação [Transparency, monetary policy and inflation goals]

Mendonça, Helder Ferreira de - In: Nova Economia 16 (2006) 1, pp. 175-198

understood as a mechanism that, if used in correctly, can favor a rise in credibility in the handling of monetary policy. …

Persistent link: https://www.econbiz.de/10005784947

The Potential of Regional Integration Agreements (RIAs) in Enhancing the Credibility of Reform: The Case of the Syrian-European Association Agreement

Zorob, Anja - German Institute of Global and Area Studies (GIGA) - 2007

The effect of ‘locking-in’ economic reform and enhancing its credibility is generally regarded as one of the most … thus to improve the credibility of the Syrian process of reform at home and abroad. A major loophole of the agreement …

Persistent link: https://www.econbiz.de/10005788521

Do Markets Care Who Chairs the Central Bank?

Kuttner, Kenneth N.; Posen, Adam S. - Peter G. Peterson Institute for International Economics … - 2007

governors suffer from a generic credibility problem. Federal Reserve chairman appointments stand out in terms of their unusually …

Persistent link: https://www.econbiz.de/10005760869

A Theory of Employment Guarantees: Contestability, Credibility and Distributional Concerns

Basu, Arnab; Chau, Nancy H.; Kanbur, Ravi - Institute for the Study of Labor (IZA) - 2007

ranging from a contestable labor market to a simple universal unemployment benefit. The credibility of any such target …

Persistent link: https://www.econbiz.de/10005761942