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Hi Tutor, please help me solving this question. Suppose the central bank announces that it will pursue a monetary expansion in the current period and

Hi Tutor, please help me solving this question.

Suppose the central bank announces that it will pursue a monetary expansion in the current period and a monetary expansion in the future. Explain how the credibility of the central bank might influence the effectiveness of this monetary policy action and announcement of future monetary policy action.

Thank you

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