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Expectations, credibility, and disinflation in a small macroeconomic model

Listed author(s):
  • Huh, Chan G.
  • Lansing, Kevin J.

A study of the effects of expectations and central bank credibility on the economy's dynamic transition path during a disinflation. Using a version of the Fuhrer-Moore model, it compares simulations under different specifications that vary according to the way expectations are formed and the degree of central bank credibility.

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Article provided by Elsevier in its journal Journal of Economics and Business.

Volume (Year): 52 (2000)
Issue (Month): 1-2 ()
Pages: 51-86

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Handle: RePEc:eee:jebusi:v:52:y:2000:i:1-2:p:51-86
Contact details of provider: Web page: http://www.elsevier.com/locate/jeconbus

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