Inflation Targeting
An alternative to inflation targeting in Latin America: macroeconomic policies focused on employment
... policy, inflation targeting represents one step forward with respect to the quantitative monetary targets policy, since the latter faced implementation difficulties due to the emergency of unpredictable ...
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Exchange rate interventions and inflation expectations in an inflation targeting economy
... adopted inflation targeting regimes (ITR) for conducting their monetary ...stable inflation or at improving the competitiveness of their ...fledged inflation targeting regime has been a ...
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Mishkin, F. S., (2000). Inflation Targeting in Emerging Countries
... Because inflation targeting necessarily requires nominal exchange rate flexibility, exchange rate fluctuations are ...under inflation targeting, but the role they ascribe to is should be ...
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Is Inflation Targeting Compatible with Post Keynesian Economics
... of inflation targeting in the baseline Post Keynesian model developed ...between inflation and real economic activity because both are sensitive to aggregate demand conditions, so that depressing ...
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Inflation targeting y pass-through en Am ́erica Latina
... de inflation targeting controle algunos de estos mecanismos; sobre todo los indirectos, los que son v´ıa precio activos, expectativas y credibilidad, y relaci´ on de precios dom´ ...
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Sacrifice Ratios and Inflation Targeting: The Role of Credibility
... of inflation targeting during periods of ...that inflation targeting reduces sacrifice ...trend inflation—during disinflations; the second paper refutes this ...that inflation ...
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¿Un objetivo y un instrumento?, pasado, presente y futuro del inflation targeting
... flexible inflation targeting al corto ...flexible inflation targeting se tiene que basar en unas buenas previsiones de inflación y de la economía real, donde éstas marcan el camino de ...
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On the Endogeneity of Inflation Targeting: Preferences Over Inflation
... “[i]nflation targeting seems to help countries achieve lower inflation in the long run, reduce their response to oil price and exchange rate shocks, strengthen monetary policy independence, improve monetary ...
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Global policy spillovers and Perus monetary policy: Inflation targeting, foreign exchange intervention and reserve requirements
... high inflation or output gap levels; conversely, when inflation is below the central bank’s target and the output gap is negative, the central bank tends to cut its policy ...an inflation forecasting ...
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Do sovereign bond spreads in inflation targeting economies reflect creditworthiness and anticipate stress scenarios?
... volatile inflation, potentially reducing the information content of relative prices (Montiel, 2003), yielding less stable sovereign ...The targeting of monetary aggregates, albeit also require credible and ...
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Transmission Mechanisms and Inflation Targeting: The Case of Colombia’s Disinflation
... and inflation in a rapidly changing and unpredictable eco- nomic ...of inflation and (as borrowing costs mount) a deep recession, as suffered by Mexico in ...
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Inflation Targeting in Colombia, 2002-2012
... full-fledged inflation-targeting (IT) regime in 1999, with inflation as the nominal anchor, a floating exchange rate, and the short-term interest rate as the main ...
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Inflation Targeting in Latin America: Toward a Monetary Union?
... Since the early 90s, a growing number of industrialized and developing economies have adopted inflation targeting (IT) regimes operated by in- dependent and more transparent central banks. Rose (2006) has labeled ...
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woodford 2012 inflation targeting and financial stability
... inflation targeting.” Proponents of inflation targeting generally admit that the interest-rate policy required to maintain complete stability of prices will not always be the same one that would best ...
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rethinking central banking
... intense. Inflation targeting that pays little attention to the level or volatility of the exchange rate becomes harder to ...those targeting large undervaluations and trade surpluses certainly ...
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Why Have so Many Disinflations Succeeded?
... We measure IT using a dummy variable that takes the value of 1 if the country followed an IT rule during a certain year (see the appendix for details). In Table 2, the coefficient for the inflation targeting ...
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Inflation Uncertainty in Chile: Asymmetries and the News Impact Curve
... on inflation, discussed but never proved in previous studies, demonstrates the importance of reducing volatility by implementing stabilization programs, which lower inflation (Friedman’s and Cukierman’s ...
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The The role of inflation in creating the key policy rate – validation of Taylor's Rule in case of Serbia
... of inflation targeting in accordance with modern monetary policy trends, because a sort of flexible inflation targeting regime seemed to have been adopted by both Federal Reserve System and ...
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Fiscal imbalances, inflation and sovereign default dynamics
... on inflation stabilization during expansion periods, while it shifts its focus to output stabilization when in ...an inflation targeting regime in July 1999 which brought annual inflation down ...
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FOOD INFLATION IN BOLIVIA: ITS RELATIONSHIP WITH INTERNATIONAL PRICES AND POLICY RESPONSES Pablo Mendieta Ossio Martín Palmero Pantoja
... competitiveness targeting” scheme, where the primary target is competitiveness and the secondary one is inflation; the operational target is the rate of crawl; and the primary shock absorber is foreign ...
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