Trust What You Hear : Policy Communication, Expectations, and Fiscal Credibility /

How do policy communications on future f iscal targets af fect market expectations and beliefs about the future conduct of f iscal policy? In this paper, we develop indicators of f iscal credibility that quantify the degree to which policy announcements anchor expectations, based on the deviation of...

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Автор: End, Nicolas
Інші автори: Hong, Gee Hee
Формат: Журнал
Мова:English
Опубліковано: Washington, D.C. : International Monetary Fund, 2022.
Серія:IMF Working Papers; Working Paper ; No. 2022/036
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Онлайн доступ:Full text available on IMF