Credibility of government policy: Lessons for economies in transition
نویسندگان
چکیده
منابع مشابه
Government Policy in Monetary Economies
I study how the general and specific details of a micro founded monetary framework affect the determination of policy when the government has limited commitment. The conduct of policy depends on the interaction between the incentive to smooth distortions intertemporally and a time-consistency problem. In equilibrium, fiscal and monetary policies are distortionary, but long-run policy is not aff...
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Should the Federal Reserve or any other government agency make precise statements about its policy objectives? Determining the proper amount of secrecy in government generates controversy whether the agency involved undertakes espionage, banking, or monetary policy. Between the broad areas of agreement (classifying military strategies, publishing legislation) lie equally broad areas of contenti...
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gratefully acknowledged. The arguments expressed in this paper and any remaining errors are, however, solely those of the author. Abstract Most economists and analysts claim that extended use of pollution charges in environmental policy will have substantial efficiency advantages in countries undergoing transition to market economies. Essentially this paper challenges this view and argues that ...
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Published October, 2011 titute for Environmental Diplomacy & Security @ the University of Vermont Many developing economies have been receiving increasingly significant amounts of foreign direct investment in mining over the past two decades. As mining expands in these new mineral economies, this sector has become a significant source of social and political conflict. New mineral economies must...
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ژورنال
عنوان ژورنال: Intereconomics
سال: 1993
ISSN: 0020-5346,1613-964X
DOI: 10.1007/bf02928107