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Credibility of central bank(er)s

Demertzis, Maria, Viegi, Nicola, (2016), “Credibility of central bank(er)s”, VoxEU, 28 June

Both the Fed and the ECB have managed to remain credible since the Global Crisis, but their credibility levels have evolved differently. This column argues that since inflation in the US and the Eurozone has been similar in the past eight years, the difference in the way that credibility has evolved is the result of the different macroeconomic policy mixes applied.

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