Credibility, experience rating and more recently the so-called a posterior ratemaking in insurance consists in the … purposes are known as credibility models and fall under the same framework of Bayesian inference in statistics. Most of the … credibility premiums must be obtained via numerical methods e.g simulation via Markov Chain Monte Carlo. However, such methods are …

The Portfolio Theory of Inflation (PIT) proposed in this study investigates the role of global financial markets in … policy credibility: when a country's credibility is low, they hold its economy to a tighter intertemporal budget constraint … credibility creates space for effective and noninflationary macro policies but, if such space is abused, credibility gets …