Publications & Documents


  • 23-May-1993

    English, , 1,045kb

  • 29-May-1992

    English, , 697kb

    Institutional commitments and policy credibility: a critical survey and empirical evidence from the ERM

    There is little evidence that so-called "credibility effects" have altered the trade-off between inflation and employment for countries that have adhered to the exchange rate mechanism of the European Monetary System. OECD Economic Studies No. 18.

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