Inflation Targeting in Latin America

In this paper we analyze the implementation of inflation targeting in Brazil, Chile, Colombia and Peru. First we undertake OLS estimations of conventional Taylor rules and show that in all four countries the central bank increases its repo rate of interest in response to increases in the output gap...

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Autores Principales: Barajas, Adolfo, Steiner, Roberto, Villar, Leonardo, Pabón, César
Publicado: 2015
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Acceso en línea:http://hdl.handle.net/11445/327