"Credibility" in Context: Do Central Bankers and Economists Interpret the Term Differently?
Blinder (2000) conducted a survey of academics and central bankers, asking them various questions about 'credibility.' Blinder then calculated the average score of the academics and the policymakers, and compared them, expressing some surprise about differences he found between the two gro...
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| Format: | Journal article |
| Język: | English |
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American Institute for Economic Research
2004
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| Streszczenie: | Blinder (2000) conducted a survey of academics and central bankers, asking them various questions about 'credibility.' Blinder then calculated the average score of the academics and the policymakers, and compared them, expressing some surprise about differences he found between the two groups. I suggest that an explanation of these differences is to be found in the two groups of respondents interpreting the questions differently, and that this is traceable to their having different understandings of what is meant by 'credibility.' |
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