gain credibility by undertaking fiscal adjustments in ways not favored by its natural constituency: specifically, the left … cabinet ideology-fiscal action in a way that is consistent with our credibility hypothesis: cuts in spending by the left have …

revenue mobilization, while controlling expenditure. To secure fiscal discipline and credibility, it is essential to revamp …

credibility play an important role not only in monetary policy, but also in fiscal policy. …

incentive constraints on the policy making process, such as lack of credibility, political opportunism, political ideology, and …: it covers credibility issues, political business cycles, and optimal design of monetary institutions. Part II deals with … fiscal policy in a dynamic general equilibrium set up: the main topics here are credibility of tax policy, and political …