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central banks' monetary policy must be credible if the authorities want to curb inflation. A second view is that central banks … set their monetary policy by using all the information relevant for inflation and output projections. In Europe, a … controversy has emerged about the role of monetary aggregates as useful indicators of future inflation and output. On one hand …
Persistent link: https://www.econbiz.de/10008793951
Over the past two decades, many countries have passed legislation giving more independence to their central banks. This institutional evolution has concerned several developed countries but also developing countries and, is consistent with the Barro and Gordon's theory of time-inconsistent...
Persistent link: https://www.econbiz.de/10008790402
Over the last decade, a growing number of emerging countries has adopted inflation targeting as monetary policy … framework. In a recent paper, Freedman and Laxton (2009) ask the question “Why Inflation Targeting?”. This paper empirically …'s choice of adopting IT. Using panel data on a sample of thirty inflation targeting and non-inflation emerging countries, for …
Persistent link: https://www.econbiz.de/10008792024
This study examines public opinion in 15 European countries, on the proposal to establish an independent European Central Bank (ECB). Using data from Euro- barometer surveys for 1998 to 2000, which included a speci c question on this issue, we show that in ation performance is not su cient to...
Persistent link: https://www.econbiz.de/10010899765
Desestabilización y la dificultad para cumplir con la cuota de suministro de petróleo en los países de América latina y del Caribe han generado en estas economías evidentes y consuetudinarias crisis económicas que difícilmente enfrentan. Sin embargo, estos países están en la búsqueda...
Persistent link: https://www.econbiz.de/10010820568
La economía boliviana ha experimentado transformaciones significativas, apoyadas en ciertos cambios institucionales y en una favorable coyuntura internacional. El Plan Nacional de Desarrollo ha representado una novedad estratégica relevante, incluyendo una relativa independencia de las...
Persistent link: https://www.econbiz.de/10008789410
propuesta en algunos países de América Latina, prestando especial atención a dos bloques diferentes de países: Bolivia y Ecuador …
Persistent link: https://www.econbiz.de/10008790846
inversión en sus sociedades, y están introduciendo cambios. El caso de Bolivia es uno de ellos, dado que sus políticas de ajuste …
Persistent link: https://www.econbiz.de/10008791925
The Clean Development Mechanism (CDM) of the Kyoto Protocol, aims to minimise the cost of Annex B countries' commitments to reduce emissions, but also to limit the risk that the Developing Countries unquestionable right to develop will offset the Annex B countries efforts: the CDM should promote...
Persistent link: https://www.econbiz.de/10008793240
hidrocarburos y tomando como referencia tres países de la región (Bolivia, Brasil y Ecuador) se identifican los principales …
Persistent link: https://www.econbiz.de/10010700533