Evaluating Policy Rules Under Imperfect Credibility /
Evaluation of policy rules using empirical macroeconomic models is usually done on the assumption that the rules are perfectly credible. However, there are usually circumstances that cause the authorities to abandon any given rule. The public's expectations reflect this possibility. In the pape...
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Formato: | Periódico |
Idioma: | English |
Publicado em: |
Washington, D.C. :
International Monetary Fund,
1991.
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Colecção: | IMF Working Papers; Working Paper ;
No. 1991/128 |
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Acesso em linha: | Full text available on IMF |