Testing for Credibility Effects /

This paper examines some recent techniques designed to draw inferences about the credibility of changes in macroeconomic policy regimes. An alternative two-step approach, based on the decomposition between permanent and transitory components of a "credibility variable" is proposed. The met...

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Detaylı Bibliyografya
Yazar: Agenor, Pierre-Richard
Diğer Yazarlar: Taylor, Mark
Materyal Türü: Dergi
Dil:English
Baskı/Yayın Bilgisi: Washington, D.C. : International Monetary Fund, 1991.
Seri Bilgileri:IMF Working Papers; Working Paper ; No. 1991/110
Konular:
Online Erişim:Full text available on IMF
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245 1 0 |a Testing for Credibility Effects /  |c Pierre-Richard Agenor, Mark Taylor. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1991. 
300 |a 1 online resource (33 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper examines some recent techniques designed to draw inferences about the credibility of changes in macroeconomic policy regimes. An alternative two-step approach, based on the decomposition between permanent and transitory components of a "credibility variable" is proposed. The methodology is then used to test for the existence of a credibility effect in the Cruzado stabilization plan implemented in Brazil in 1986. 
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651 7 |a Argentina  |2 imf 
700 1 |a Taylor, Mark. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1991/110 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1991/110/001.1991.issue-110-en.xml  |z IMF e-Library