What is the relationship between rational expectations and the credibility of monetary policy? What do they imply

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What is the relationship between rational expectations and the credibility of monetary policy? What do they imply for the relevance of credibility to the success of an antiinflation program? What do they imply for the choice between a gradualist versus a cold-turkey approach to fighting inflation? Discuss.

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Monetary Economics

ISBN: 9780415772099

2nd Edition

Authors: Jagdish Handa

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