Trust What You Hear : Policy Communication, Expectations, and Fiscal Credibility /

How do policy communications on future f iscal targets af fect market expectations and beliefs about the future conduct of f iscal policy? In this paper, we develop indicators of f iscal credibility that quantify the degree to which policy announcements anchor expectations, based on the deviation of...

Celý popis

Podrobná bibliografie
Hlavní autor: End, Nicolas
Další autoři: Hong, Gee Hee
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 2022.
Edice:IMF Working Papers; Working Paper ; No. 2022/036
Témata:
On-line přístup:Full text available on IMF