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Central bank Credibility Before and After the Crisis

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NBER2015-11-01 更新2025-01-04 收录
下载链接:
https://www.nber.org/papers/w21710
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A new measure of credibility is constructed as a function of the differential between observed inflation and some estimate of the inflation rate that the central bank targets. The target is assumed to be met flexibly. Credibility is calculated for a large group of both advanced and emerging
提供机构:
美国国家经济研究局
创建时间:
2015-11-01
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