Focuses on the role of credibility in policy-making. This book analyses the origins and macroeconomic consequences of credibility problems. It also shows how monetary and trade theory can fail when the public does not fully believe in policy announcements. It also focuses on equilibrium...
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Focuses on the role of credibility in policy-making. This book analyses the origins and macroeconomic consequences of credibility problems. It also shows how monetary and trade theory can fail when the public does not fully believe in policy announcements. It also focuses on equilibrium multiplicity.
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