The credibility of policy announcements: Greek evidence

This paper by using error correction (EC) methodology, along with Chow stability tests, examines whether three cases of policy announcements in Greece, over the 1975-1995 period, have been considered credible or not by the public. Focusing on the Phillips curve trade-off, the empirical findings reveal that two out of three policy announcements are characterized as credible by private agents.

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Year of publication:	1997
Authors:	Apergis, Nikos ; Papanastasiou, John ; Velentzas, Kostas
Published in:	Applied Economics. - Taylor & Francis Journals, ISSN 0003-6846. - Vol. 29.1997, 6, p. 699-705
Publisher:	Taylor & Francis Journals

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005282534