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Monetary Policy and Inflation Expectations in Latin America: Long-run Effects and Volatility Spillovers
Economics Department, Organisation de Coopération et …; … - 2006
-integration analysis to estimate simultaneously a monetary reaction function and the determinants of expected inflation for Brazil, Chile …, Colombia and Mexico in the post-1999 period. It also tests for the presence of volatility spillovers between the monetary …, Colombia and Mexico, suggesting that interest-rate smoothing contributes to reducing inflation expectations volatility. No …
Persistent link: https://www.econbiz.de/10005046174
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Monetary Policy and Macroeconomic Stability in Latin America : The Cases of Brazil, Chile, Colombia and Mexico
de Mello, Luiz - 2007
In 1999, new monetary policy regimes were adopted in Brazil, Chile, Colombia and Mexico, combining inflation targeting … responsiveness by the monetary authority to changes in expected inflation in Brazil and Chile, while in Colombia and Mexico monetary … Brazil, Colombia and Mexico, despite higher inflation volatility in Brazil and Colombia. This paper estimates a conventional …
Persistent link: https://www.econbiz.de/10012446870
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Monetary Policy and Inflation Expectations in Latin America : Long-run Effects and Volatility Spillovers
2006
-integration analysis to estimate simultaneously a monetary reaction function and the determinants of expected inflation for Brazil, Chile …, Colombia and Mexico in the post-1999 period. It also tests for the presence of volatility spillovers between the monetary …, Colombia and Mexico, suggesting that interest-rate smoothing contributes to reducing inflation expectations volatility. No …
Persistent link: https://www.econbiz.de/10012446842
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Catching-up and Inflation in Europe: Balassa-Samuelson, Engel's Law and Other Culprits
Égert, Balázs - Economics Department, Organisation de Coopération et … - 2010
This study analyses the impact of economic catching-up on annual inflation rates in the European Union with a special focus on the new member countries of Central and Eastern Europe. Using an array of estimation methods, we show that the Balassa-Samuelson effect is not an important driver of...
Persistent link: https://www.econbiz.de/10008461038
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Catching-up and Inflation in Europe : Balassa-Samuelson, Engel's Law and Other Culprits
Égert, Balázs - 2010
This study analyses the impact of economic catching-up on annual inflation rates in the European Union with a special focus on the new member countries of Central and Eastern Europe. Using an array of estimation methods, we show that the Balassa-Samuelson effect is not an important driver of...
Persistent link: https://www.econbiz.de/10012444720
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Do Latin American Central Bankers Behave Non-Linearly?: The Experiences of Brazil, Chile, Colombia and Mexico
Mello, Luiz de; Moccero, Diego; Mogliani, Matteo - Economics Department, Organisation de Coopération et … - 2009
-linear specification is not rejected by the data for Brazil, Colombia and Mexico, but it is for Chile. Estimation of smooth …This papers estimates unrestricted monetary reaction functions for four Latin American countries (Brazil, Chile …, Colombia and Mexico) and tests for the presence of non-linear effects in central bank behaviour. The analysis covers the post …
Persistent link: https://www.econbiz.de/10005045728
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Common features and stylized facts in Turkish macroeconomy
Payaslioglu, Cem - In: Journal of Developing Areas 43 (2009) 1, pp. 155-176
The importance of the common features in macroeconomics particularly in real business cycle studies is by now widely understood and manifests itself in numerous studies. On the other hand, there has been very few works related to developing countries. This paper attempts to fill this gap, at...
Persistent link: https://www.econbiz.de/10011213091
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Macroeconomic Policy and Economic Performance
Lima, Pedro de; Serres, Alain de; Kennedy, Mike - Economics Department, Organisation de Coopération et … - 2003
This paper analyses the major changes in both monetary and fiscal policy that have taken place over the past two decades and, within the limits of the existing empirical research, evaluates the overall costs and benefits for the OECD economies. The general findings for monetary policy are that,...
Persistent link: https://www.econbiz.de/10005045854
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The Impact of Exchange Rate Regimes on Real Exchange Rates in South America, 1990-2002
Baldi, Anne-Laure - 2004
nontradables to tradables in Argentina, Brazil, Chile (ABC) and Mexico from 1990 to 2002. The real exchange rate is determined in … paper confirm the impact of exchange rate regimes on relative prices in all countries except Chile, which maintained …
Persistent link: https://www.econbiz.de/10012446702
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Managing Chile's Macroeconomy during and after the Copper Price Boom
Mello, Luiz de - Economics Department, Organisation de Coopération et … - 2008
social development. The main challenge in the macroeconomic area is to maintain the policy setting that has served Chile so … public sector in a low-tax, low-debt environment. This paper relates to the 2007 Economic Survey of Chile (www.oecd.org/eco/surveys/chile …).<P>La gestion macroéconomique du Chili durant et après la forte hausse des prix du cuivre<BR>Respectant la règle d …
Persistent link: https://www.econbiz.de/10005046168