01524cas a2200265 a 4500 AALejournalIMF008604 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451853254 1018-5941 BD-DhAAL BD-DhAAL Agenor, Pierre-Richard. Testing for Credibility Effects / Pierre-Richard Agenor, Mark Taylor. Washington, D.C. : International Monetary Fund, 1991. 1 online resource (33 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 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. Mode of access: Internet Argentina imf Taylor, Mark. IMF Working Papers; Working Paper ; No. 1991/110 Full text available on IMF http://elibrary.imf.org/view/journals/001/1991/110/001.1991.issue-110-en.xml IMF e-Library