Suggestions(5)
Exact(7)
Inflation credibility is no longer the only priority.
A large increase in inflation credibility can trigger a process of debt accumulation.
We propose a continuous time model to investigate the impact of inflation credibility on sovereign debt dynamics.
This rationalizes the sovereign debt booms that are often experienced by low inflation credibility countries upon joining a currency union.
And compare earlier statements of angst over tarnishing the Fed's "hard-won inflation credibility" to the more recent statement of concern about the fate of America's unemployed.
Second, Bernanke has gone out of his way to insist that his current position reflects an economic judgment, not political compromise — that it's all about preserving that "hard-won inflation credibility".
Similar(53)
In recent years, many countries have instituted monetary reforms aimed at improving anti-inflation credibility.
Optimists argue the anti-inflation credibility of central banks is stronger than in the 1970s.
"They are trying to maintain their low-inflation credibility at the same time they are dramatically cutting interest rates.
Awkwardly, his need to establish his anti-inflation credibility may leave him little room to cut interest rates to cushion the economy when the housing bubble deflates.
Countries such as Brazil already have such high levels of transfer payments from rich to poor that further moves would undermine fiscal stability and anti-inflation credibility.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com