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 …

unemployment reduce wellbeing; where the cost of inflation in terms of unemployment, hence the relative size of the weights in a … unemployment than inflation. Thus advocates and practioners of inflation only targeting are, and increasingly so, divorced from the … inflation targeting. Pure inflation targeting implicitly assumes a social loss welfare function dependent on only inflation. In …

Unemployment benefit systems are nonexistent in many developing economies. Introducing such systems poses many … consequences on the labor market of implementing an unemployment benefit system in economies with large informal sectors and high … the model for Mexico, and show that the introduction of an unemployment benefit system, where workers contribute when …