Topic
Credibility
About: Credibility is a research topic. Over the lifetime, 13730 publications have been published within this topic receiving 331944 citations. The topic is also known as: believability & plausibility.
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01 Jan 1987
TL;DR: A broad survey of the work on credibility of macroeconomic policy since the early 80's is presented in this paper, where the authors critically evaluate a first generation of work dealing with the basic credibility problem that arises when policy cannot be pre-commited and when a desireable policy fails to be ex post optimal.
Abstract: This is a broad survey of the work on credibility of macroeconomic policy since the early 80's. I critically evaluate a first generation of work dealing with the basic credibility problem that arises when policy cannot be precommited and when a desireable policy fails to be ex post optimal. Then, the desireable policy is not credible to the private sector. The work I discuss, deals with credibility problems in three different areas of macroeconomics (i) "anti-inflationary monetary policy", (ii) "macroeconomic public finance", and (iii) "policy coordination". The first generation of work leaves several issues unresolved, however, and a second generation of work dealing with these unresolved issues is currently developing. I also discuss this very recent work and make some suggestions for future research.
90 citations
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TL;DR: In a time when many Western standard recipes for economic policy are losing credibility, it is imperative to step back from past orthodox explanations and rethink the unconventional approaches to m....
Abstract: At a time when many Western standard recipes for economic policy are losing credibility, it is imperative to step back from past orthodox explanations and rethink the unconventional approaches to m...
89 citations
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01 Jan 2012
89 citations
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TL;DR: The credibility of black attitudes toward education has been examined in a wide range of survey questions measuring attitudes toward schooling as discussed by the authors, showing that black students perform less well in school than white students.
Abstract: Blacks offer positive responses to a wide range of survey questions gauging attitudes toward schooling, yet perform less well in school than do whites. The credibility of blacks' attitudes is a cen...
89 citations
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TL;DR: The authors investigates why, despite the potential credibility enhancement associated with generating domestic audience costs, leaders frequently opt to "go private" and "go public" to generate domestic audience cost for U.S. presidents.
Abstract: This study investigates why, despite the potential credibility enhancement associated with generating domestic audience costs, leaders (in this instance, U.S. presidents) frequently opt to “go priv...
89 citations