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01624cas a2200253 a 4500 |
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AALejournalIMF002139 |
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|c 5.00 USD
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|z 9781451875218
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a N'Diaye, Papa.
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|a Monetary Policy Credibility and the Unemployment-Inflation Tradeoff :
|b Some Evidence From 17 Industrial Countries /
|c Papa N'Diaye, Douglas Laxton.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2002.
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|a 1 online resource (39 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a Using data on long-term interest rates for 17 industrial countries, this paper develops some simple measures of monetary policy credibility and then tests if such measures improve the out-of-sample forecasts of conventional models of the inflation-unemployment process. The results provide some evidence in favor of the Lucas critique by showing that the short-run unemployment-inflation trade-off tends to improve in countries that are successful in providing low and stable inflation.
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| 538 |
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|a Mode of access: Internet
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|a Laxton, Douglas.
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|a IMF Working Papers; Working Paper ;
|v No. 2002/220
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2002/220/001.2002.issue-220-en.xml
|z IMF e-Library
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