Credibility without Rules? Monetary Frameworks in the Post-Bretton Woods Era

C. Cottarelli and C. Giannini

Working Papers from Banca Italia - Servizio di Studi

Abstract: This paper is the story of the search for a better trade-off between flexibility and credibility undertaken by authorities around the world in the last 25 years. It provides detailed information on how monetary frameworks - that is the set of announced rules and institutions affecting monetary policy - evolved in 100 countries, examining the forces that molded such evolution and focusing on how developments in economic theory affected the choices of policy-makers.

Keywords: MONETARY; POLICY (search for similar items in EconPapers)
JEL-codes: E5 E58 (search for similar items in EconPapers)
Pages: 100 pages
Date: 1997
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Citations: View citations in EconPapers (11)

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Persistent link: https://EconPapers.repec.org/RePEc:fth:banita:312

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