Testing for Credibility Effects
| Author | : Mr.Mark P. Taylor |
| Publisher | : International Monetary Fund |
| Total Pages | : 33 |
| Release | : 1991-11-01 |
| ISBN-10 | : 9781451853254 |
| ISBN-13 | : 1451853254 |
| Rating | : 4/5 (54 Downloads) |
Book Synopsis Testing for Credibility Effects by : Mr.Mark P. Taylor
Download or read book Testing for Credibility Effects written by Mr.Mark P. Taylor and published by International Monetary Fund. This book was released on 1991-11-01 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
