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crawling peg exchange rate regimes, Colombia adopted a full-fledged inflation-targeting (IT) regime in 1999, with inflation as …
Persistent link: https://www.econbiz.de/10010943921
This paper provides an overview of the reserve requirement measures undertaken by the Central Bank of Peru. It provides a rationale for the use of these instruments as well as empirical evidence of their effectiveness. In general, the results show that tightening reserve requirements has the...
Persistent link: https://www.econbiz.de/10010943927
Inflation targeting has been adopted in a set of emerging economies, including eight countries in Latin America. The … take appropriate actions if the target is breached. This paper exploits a database of inflation expectations and attempts … to measure whether, for a set of inflation targeters in Latin America, expectations are well anchored. A tighter …
Persistent link: https://www.econbiz.de/10010944050
"unconventional" monetary policies within an inflation targeting framework. In particular, the paper explicitly models the facilities …
Persistent link: https://www.econbiz.de/10010944371
. 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 …
Persistent link: https://www.econbiz.de/10010944440
Pt. 1. The macroeconomics of capital flows to Latin America, experience and policy issues / Michael Gavin, Ricardo Hausmann, and Leonardo Leiderman. Commentary / Michael Bruno ... [et al.]. Conclusion to Part 1 / Jacob Frenkel -- Pt. 2. Achieving stability in Latin American financial markets in...
Persistent link: https://www.econbiz.de/10013552168
This paper was prepared for the 1998 IDB/IIC Annual Meeting entitled: "The Employment in Latin America: What is the Problem and Should it be Addressed?" held in Cartagena, Colombia in March 1998. Despite macroeconomic stabilization and structural reforms, employment problems have persisted in...
Persistent link: https://www.econbiz.de/10010944383
This presentation gives an overview of industrial policy in Indonesia during the past few decades. It also discusses …
Persistent link: https://www.econbiz.de/10009322730
This paper discusses the major factors which affect Indonesia's industrial competitiveness, specifically the … determinants of its industrial technology development. The work first gives an overview of Indonesia's industrial development … competitiveness and the determinants of Indonesia's industrial technological development in greater detail, including the policies …
Persistent link: https://www.econbiz.de/10009322796