Is it possible, that central bank credibility is modeled in dynare?
Without context, it is impossible to tell. Whenever you write down a model with a Taylor rule, the central bank’s commitment to that rule is perfectly credible.
Is it possible, that central bank credibility is modeled in dynare?
Without context, it is impossible to tell. Whenever you write down a model with a Taylor rule, the central bank’s commitment to that rule is perfectly credible.