repo rate in response to increases in the output gap and, except in Peru, to deviations of inflation expectations from … of integrated inflation targeting. There is strong evidence that intervention in F/X markets is determined by exchange … strong currency. Central banks appear to have pursued an inflation objective using a standard Taylor rule and an exchange …

crawling peg exchange rate regimes, Colombia adopted a full-fledged inflation-targeting (IT) regime in 1999, with inflation as …

. It is found that reserve requirements can be used to achieve the Central Bank’s inflation objectives. The use of this … consumption, investment and output. Nevertheless, the quantitative results in terms of inflation reduction are rather poor. The … policy rate becomes more effective in reducing inflation when the reserve requirement instrument is solely directed at …

“unconventional” monetary policies within an inflation targeting framework. In particular, the paper explicitly models the facilities …

This paper reviews the recent experience of a half-dozen Latin American inflation targeting (IT) nations. Repeated and …