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Central bank independence, policy reforms and the credibility of public debt stabilizations

Listed author(s):
  • Mourmouras, Iannis A.
  • Su, Dou-Ming
Registered author(s):

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    File URL: http://www.sciencedirect.com/science/article/pii/0176-2680(94)00061-N
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    Article provided by Elsevier in its journal European Journal of Political Economy.

    Volume (Year): 11 (1995)
    Issue (Month): 1 (March)
    Pages: 189-204

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    Handle: RePEc:eee:poleco:v:11:y:1995:i:1:p:189-204
    Contact details of provider: Web page: http://www.elsevier.com/locate/inca/505544

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    1. Kenneth Rogoff, 1985. "The Optimal Degree of Commitment to an Intermediate Monetary Target," The Quarterly Journal of Economics, Oxford University Press, vol. 100(4), pages 1169-1189.
    2. Andrew B. Abel & N. Gregory Mankiw & Lawrence H. Summers & Richard J. Zeckhauser, 1989. "Assessing Dynamic Efficiency: Theory and Evidence," Review of Economic Studies, Oxford University Press, vol. 56(1), pages 1-19.
    3. van der Ploeg, Frederick, 1991. "Unanticipated Inflation and Government Finance: The Case for an Independent Common Central Bank," CEPR Discussion Papers 562, C.E.P.R. Discussion Papers.
    4. Alberto Alesina & Alessandro Prati & Guido Tabellini, 1989. "Public Confidence and Debt Management: A Model and A Case Study of Italy," NBER Working Papers 3135, National Bureau of Economic Research, Inc.
    5. Rudiger Dornbusch, 1988. "Credibility, Debt and Unemployment: Ireland's Failed Stabilization," NBER Working Papers 2785, National Bureau of Economic Research, Inc.
    6. Rudiger Dornbusch, 1991. "Credibility and Stabilization," The Quarterly Journal of Economics, Oxford University Press, vol. 106(3), pages 837-850.
    7. Alogoskoufis, George & Christodoulakis, Nikos, 1990. "Fiscal Deficits, Seigniorage and External Debt: The Case of Greece," CEPR Discussion Papers 468, C.E.P.R. Discussion Papers.
    8. Alesina, Alberto & Summers, Lawrence H, 1993. "Central Bank Independence and Macroeconomic Performance: Some Comparative Evidence," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 25(2), pages 151-162, May.
    9. Edwards, Sebastian & Tabellini, Guido, 1991. "Explaining fiscal policies and inflation in developing countries," Journal of International Money and Finance, Elsevier, vol. 10(1, Supple), pages 16-48, March.
    10. Alesina, Alberto & Drazen, Allan, 1991. "Why Are Stabilizations Delayed?," American Economic Review, American Economic Association, vol. 81(5), pages 1170-1188, December.
    11. Corsetti, Giancarlo & Roubini, Nouriel, 1992. "Tax Smoothing Discretion Versus Balanced Budget Rules in the Presence of Politically Motivated Fiscal Deficits: The Design of Optimal Fiscal Rules for Europe after 1992," CEPR Discussion Papers 682, C.E.P.R. Discussion Papers.
    12. Cukierman, Alex & Edwards, Sebastian & Tabellini, Guido, 1992. "Seigniorage and Political Instability," American Economic Review, American Economic Association, vol. 82(3), pages 537-555, June.
    13. Guillermo Calvo & Carlos A. VĂ©gh Gramont, 1990. "Credibility and the Dynamics of Stabilization Policy; A Basic Framework," IMF Working Papers 90/110, International Monetary Fund.
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