Chapter 11 – Policy Credibility and Balance-of-Payments Crises

• Exercise 11.1 (Welfare Cost of Lack of Credibility)
• Exercise 11.2 (Welfare Cost of Lack of Credibility with Wage Rigidity)
• Exercise 11.3 (Lack of Credibility and Tariff Reforms)
• Exercise 11.4 (Non Equivalence of Temporariness and Lack of Credibility)
• Exercise 11.5 (A BOP Crisis with Linear Money Demand)
• Exercise 11.6 (BOP Crisis: A Numerical Example)
• Exercise 11.7 (BOP Crisis With Interest-Bearing Reserves)