How is credibility related to the time-inconsistency problem, Macroeconomics

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How is credibility related to the time-inconsistency problem

Problem

Policy Credibility What is policy credibility and how is it relevant to the problem of reducing high inflation? How is credibility related to the time-inconsistency problem?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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