Testing the credibility of stabilization programmes. Evidence from Greece
本文通过两步法分析平行市场溢价和通胀的时间序列特性，检验了希腊1985年稳定计划可信度的大小和扩散效应，发现该计划迅速获得可信度并对通胀动态产生显著影响。
This paper tests the size and the diffusion effect of the credibility factors of the stabilization programme implemented in Greece in 1985, by means of a two-step procedure which focuses on the analysis of the time-series properties of the parallel market premium and the inflation process. An interesting aspect of the analysis is the evidence that the stabilization plan gained credibility rapidly, and its impact on the inflation dynamics was significant. Copyright © 2000 John Wiley & Sons, Ltd.