Reputation, credibility and monetary policy effectiveness

As reputation and credibility are important elements for monetary policy effectiveness, the paper aims at exploring the concepts of both and its importance in a context where central banks policies are not neutral, that is, monetary policy affects real and nominal variables. The paper seeks to contr...

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Bibliographic Details
Main Author: Gabriel Caldas Montes
Format: Article
Language:English
Published: Universidade de São Paulo 2009-09-01
Series:Estudos Econômicos
Subjects:
Online Access:http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-41612009000300009