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The cutting edge of recent efforts to reshape monetary policy in many countries has been to impose a price target on the central bank. This paper examines such a policy in light of the Federal Reserve System's experience with money targeting from the late 1970s through the mid 1980s. The...
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prices as an information variable for monetary policy implementation. A set of option prices provides us with information on … prices on stock prices and long term government bond futures. The estimation is done for a sample of daily closing prices for …
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We consider a standard cash in advance monetary model with flexible prices or prices set in advance and show that there …
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"Gas Market Integration in the Southern Cone" is part of a larger effort by the Inter-American Development Bank (IDB) to promote integration of energy markets in South America's Southern Cone region. This book offers a comprehensive analysis of the gas industry's evolution in the region,...
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During the past two decades, Latin American countries have made pioneering efforts in reforming infrastructure services. The "first generation of reforms" encompassed widespread privatization, deregulation and restructuring of the provision of energy, water, transport and telecommunications...
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