01624cas a2200253 a 4500 AALejournalIMF002139 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451875218 1018-5941 BD-DhAAL BD-DhAAL N'Diaye, Papa. Monetary Policy Credibility and the Unemployment-Inflation Tradeoff : Some Evidence From 17 Industrial Countries / Papa N'Diaye, Douglas Laxton. Washington, D.C. : International Monetary Fund, 2002. 1 online resource (39 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Using data on long-term interest rates for 17 industrial countries, this paper develops some simple measures of monetary policy credibility and then tests if such measures improve the out-of-sample forecasts of conventional models of the inflation-unemployment process. The results provide some evidence in favor of the Lucas critique by showing that the short-run unemployment-inflation trade-off tends to improve in countries that are successful in providing low and stable inflation. Mode of access: Internet Laxton, Douglas. IMF Working Papers; Working Paper ; No. 2002/220 Full text available on IMF http://elibrary.imf.org/view/journals/001/2002/220/001.2002.issue-220-en.xml IMF e-Library