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Endogenous Central Bank Credibility in a Small Forward-Looking Model of the U.S. Economy
Staff Working Paper 2005-16 René LalondeThe linkages between inflation and the economy's cyclical position are thought to be strongly affected by the credibility of monetary authorities.Content Type(s): Staff Research, Staff Working Papers Topic(s): Econometric and statistical methods, Inflation and prices, Transmission of monetary policy JEL Code(s): C, C3, C32, E, E5, E52