Fiscal Authorities

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August 31, 2024 4 min read Definitions

Credibility: The Trustworthiness of Policy Announcements

Economics Finance Government Regulations Policy Trust Monetary Authorities Fiscal Authorities Reputational Policy

Credibility in the context of policy announcements refers to the extent to which monetary or fiscal authorities' statements are believed by the public. This concept involves the rational belief that the authorities will execute their declared policies, supported by a history of consistency and reputation.

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