Arestis, Philip; Mouratidis, Kostas - In: Manchester School 72 (2004) 1, pp. 1-23
The Markov regime-switching modelling framework, with time-varying transition probabilities, is utilized to study the credibility of monetary policy in five member countries of the European Monetary System during the period 1979-98 (Austria, Belgium, France, Italy and the Netherlands). The...
