Parcourir Faculté des arts et des sciences – Département de sciences économiques par sujet "crédibilité"
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Credibility and Signaling in Disinflation- a Cross Country Examination
(Université de Montréal. Département de sciences économiques., 1997)This paper develops a model of money demand where the opportunity cost of holding money is subject to regime changes. The regimes are fully characterized by the mean and variance of inflation and are assumed to be the result of alternative government ... -
Heterodox Inflation Stabilization in Argentina, Brazil, and Israel. A Historical Review and Some Stylized Facts
(Université de Montréal. Département de sciences économiques., 1997)This article presents a review of the stabilization attempts in Argentina, Brazil, and Israel during the 1980’s. Earlier research is summarized and complemented with additional sources of contemporaneous information and a detailed analysis of institutional ... -
Inflation Targeting Under Asymmetric Preferences
(Université de Montréal. Département de sciences économiques., 2001)This paper develops and estimates a game-theoretical model of inflation targeting where the central banker's preferences are asymmetric around the targeted rate. In particular, positive deviations from the target can be weighted more, or less, severely ... -
Uncovering Financial Markets Beliefs About Inflation Targets
(Université de Montréal. Département de sciences économiques., 1998)This paper exploits the term structure of interest rates to develop testable economic restrictions on the joint process of long-term interest rates and inflation when the latter is subject to a targeting policy by the Central Bank. Two competing models ...
