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Central Bank Credibility, Reputation and Inflation Targeting in Historical Perspective

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NBER2014-11-01 更新2025-01-04 收录
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This paper examines the historical evolution of central bank credibility using both historical narrative and empirics for a group of 16 countries, both advanced and emerging. It shows how the evolution of credibility has gone through a pendulum where credibility was high under the classical gold

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2014-11-01
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