Could Reputation-Bias be a Bigger Problem than Inflation-Bias?
The theory of policy credibility has been influential in both the design of monetary policymaking institutions and in the implementation of policy. In particular, the idea that 'reputation' is important has been widely accepted. However, careful attention to its assumptions and implication...
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| Médium: | Working paper |
| Jazyk: | English |
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Department of Economics (University of Oxford)
2000
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