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Purpose This article aims to elaborate the context-sensitive nature of credibility assessment by examining how such … online discussion assess the credibility of information sources referred to in debates on the NATO membership. It is assumed … credentials of a scholar, while the credibility of information content, for example the provision of factual evidence is …
Persistent link: https://www.econbiz.de/10014855370
in information literacy instruction. It would be easier for the users to evaluate the relevance and credibility of …
Persistent link: https://www.econbiz.de/10014855519
effective sources of credibility that do not rely on the state. After explaining how non-state sources of trust and private … recourse evolve to enhance credibility, examples of contracting around undesirable rules in United States are discussed. The …
Persistent link: https://www.econbiz.de/10005722268
It has been argued that delegation of monetary policy to an independent central bank, which acts as an agent for the government, does not mitigate the problem of time-inconsistency, but merely relocates it. We argue here that this is not so, and that delegation enables a wider class of economies...
Persistent link: https://www.econbiz.de/10005656362
credibility when it is inconceivable that a programme will succeed with probability one. A cost-benefit analysis establishes an … equilibrium programme that has some ex ante probability of failure, so that credibility is always less than full. The context is a …
Persistent link: https://www.econbiz.de/10005656398
game. We introduce a `chisel-proof' credibility condition which ensures that in response to a small deviation from the low …
Persistent link: https://www.econbiz.de/10005656437
This paper attempts to provide some answers to a number of related questions. Has the European Monetary System reduced (real or nominal, bilateral or effective) exchange rate volatility? If so, has this been at the expense of increased interest rate volatility? How important have capital...
Persistent link: https://www.econbiz.de/10005661462
set of nested hypotheses, the inference is drawn that policy credibility and market efficiency were paramount in the …
Persistent link: https://www.econbiz.de/10005661480
clauses can raise society's welfare in principle, limited credibility makes it difficult for governments to implement such …
Persistent link: https://www.econbiz.de/10005661850
This paper discuss the merits of an independent "EuroFed" within the context of a tax/seigniorage smoothing model for a monetary union. There is an incentive to use a surprise inflation tax to wipe out the real value of government debt and wage contracts because this allows a cut in...
Persistent link: https://www.econbiz.de/10005662016