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The idea that the 'credibility' of monetary policy is important receives almost universal assent. But the word can mean … and David Gordon is a very special one. It should not be presumed that in ordinary discussion of 'credibility' theirs is … always the meaning people have in mind. Consequently, Alan Blinder's survey on attitudes to 'credibility', which failed to …
Persistent link: https://www.econbiz.de/10008484318
This paper analyzes the linkages between the credibility of a target zone regime, the volatility of the exchange rate … the band width induces a trade-off between credibility and volatility. Narrower bands should give less scope for the …
Persistent link: https://www.econbiz.de/10005572195
I discuss several lessons regarding the design and conduct of monetary policy that have emerged out of the New Keynesian research program. Those lessons include the bene.ts of price stability, the gains from commitment about future policies, the importance of nat- ural variables as benchmarks...
Persistent link: https://www.econbiz.de/10005572579
.0 applications is determined, in both cases, by the value of the information, the credibility of the sources and the degree of … should engage users to post content, support their credibility and facilitate the evaluation of the content generators …
Persistent link: https://www.econbiz.de/10014764254
customers’ behavioral intention in terms of the app’s ease of use, usefulness, credibility and subjective norm. It also explored …
Persistent link: https://www.econbiz.de/10014764412
to a credibility problem. This paper shows that voting simultaneously on several reforms may solve the credibility …
Persistent link: https://www.econbiz.de/10011257173
In many organizations, reward decisions depend on subjective performance evaluations. However, evaluating an employee's performance is often difficult. In this paper, we develop a model in which the employee is uncertain about his own performance and about the manager's ability to assess him....
Persistent link: https://www.econbiz.de/10011257574
We incorporate semiotics into economic theory, modeling communication with an encoding-decoding step where the sender transmits a message that the receiver can understand if and only if a common natural language is used. We add an inferential step where the receiver may either believe the...
Persistent link: https://www.econbiz.de/10008855824
relationship of scale and quality due to the emergence of new threats to health and safety. Scale as a signal of credibility is no …
Persistent link: https://www.econbiz.de/10010894157
among Portugal and Germany. This result reflects the increased credibility of the Portuguese monetary policy, due mainly to …
Persistent link: https://www.econbiz.de/10011208167