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. …

incorporate information about future interest rate announcements: "inattention", "credibility", "finite planning horizon", and …

In this paper we study the impact of a temporary lack of credibility in a transition to price stability. We quantify … the effects of a period of disinflation on temporary output losses, and the impact of the lack of credibility on the … may not disappear in an environment with imperfect credibility, depending on the speed of learning relative to the speed …

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 …

This paper makes three contributions to the supply-side theory of the real effects of exchange-rate-based disinflation …