Many scholars turn to emotions to understand irrational behavior. We do the opposite: we turn to rationality and game … experiments test whether a player’s emotional expressions lend credibility to promises, threats, and claims of danger or hardship …

target of monetary policy, less than full policy credibility, and inflation stickiness have all been important features of …

incentive constraints on the policy making process, such as lack of credibility, political opportunism, political ideology, and …: it covers credibility issues, political business cycles, and optimal design of monetary institutions. Part II deals with … fiscal policy in a dynamic general equilibrium set up: the main topics here are credibility of tax policy, and political …