Maintaining central bank credibility
研究了中央银行在宣布控制通胀承诺时面临的公众怀疑，探讨了货币增长规则等制度安排能否无成本地增强可信度。
Central banks around the world potentially face a skeptical public when they announce a commitment to controlling inflation. Some economists have argued that, to enhance credibility, central banks should adopt monetary growth rules or other institutional arrangements. Yet it appears there are no costless solutions to the credibility problem.