proportionally to inflation. We show that conditions under which these rules generate aggregate instability by inducing liquidity … that respond to expected future inflation are more prone to induce endogenous cyclical and chaotic dynamics the more open …

separate inclusion of a labor market in the model helps to anchor inflation even in a situation of adaptive expectations, a … positive output gap and inflation above target. The estimation results show that the adaptive learning model does a better job … prescribe early monetary policy tightening in the context of positive output gaps and inflation far above the central bank …

-fledged inflation targeting regimes in place or have recently adopted them, using an array of methodologies commonly used in the … that the interest rate gap can be a good predictor of future inflation dynamics and economic growth. In addition, looking …

transformed money demand, in addition to the observed output gap and inflation, into a simple but optimal interest rate rule …

above the average of emerging market inflation targeting regimes. The adoption of an inflation-targeting regime and better … economic fundamentals (reduction in inflation volatility and improvements in the fiscal and external positions) has helped … and inflation inertia generated by still pervasive indexation practices …

-fledged inflation targeting regimes in place or have recently adopted them, using an array of methodologies commonly used in the … that the interest rate gap can be a good predictor of future inflation dynamics and economic growth. In addition, looking …

of interest margins. Finally, interest margins are sensitive to inflation, but not to economic growth or public or …

between 2003 and 2008, mainly due to positive risk sentiment, rising inflation and increasingly diversified banking sectors … proliferated and inflation moderated …