000 02240nam a22004094a 4500
001 WPIEA2202002
003 IMF
005 20190408084724.0
006 m o d
007 cr cn|||||||||
008 020129s2002 dcu o i00 0 eng d
020 _a1451875215 :
_c15.00 USD
020 _z9781451875218
022 _a1018-5941
024 7 _a10.5089/9781451875218.001
_2doi
035 _a(IMF)WPIEA2202002
040 _aDcWaIMF
_beng
100 1 _aN'Diaye, Papa M.B.P.
245 1 0 _aMonetary Policy Credibility and the Unemployment-Inflation Tradeoff
_h[electronic resource] :
_bSome Evidence From 17 Industrial Countries /
_cPapa M'B.P. N'Diaye.
260 _aWashington, D.C. :
_bInternational Monetary Fund,
_c2002.
300 _a1 online resource (39 p.)
490 1 _aIMF Working Papers; Working Paper ;
_vNo. 02/220
520 3 _aUsing data on long-term interest rates for 17 industrial countries, this paper develops some simple measures of monetary policy credibility and then tests if such measures improve the out-of-sample forecasts of conventional models of the inflation-unemployment process. The results provide some evidence in favor of the Lucas critique by showing that the short-run unemployment-inflation trade-off tends to improve in countries that are successful in providing low and stable inflation.
588 _aDescription based on print version record.
650 7 _aInflation Process
_2imf
650 7 _aInflation Targeting
_2imf
650 7 _aLong-Term Interest Rates
_2imf
650 7 _aLucas Critique
_2imf
650 7 _aModel Construction and Estimation
_2imf
650 7 _aPhillips Curve
_2imf
651 7 _aUnited Kingdom
_2imf
700 1 _aLaxton, Douglas.
700 1 _aN'Diaye, Papa M.B.P.
776 0 8 _iPrint Version:
_aN'Diaye, Papa M.B.P.
_tMonetary Policy Credibility and the Unemployment-Inflation Tradeoff : Some Evidence From 17 Industrial Countries
_dWashington, D.C. : International Monetary Fund, 2002.
_z9781451875218
830 0 _aIMF Working Papers; Working Paper ;
_vNo. 02/220
856 4 0 _uhttp://elibrary.imf.org/view/IMF001/04696-9781451875218/04696-9781451875218/04696-9781451875218.xml
_zIMF e-Library
856 4 0 _uhttp://www.imfbookstore.org/IMFORG/9781451875218
_zIMF Book Store
999 _c167038
_d167038