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This paper investigates macroprudential policy effects on bank systemic risk and the role of inflation targeting in such effects. Using bank-level data for 45 countries comprising various monetary and exchange rate regimes, our regime-dependent dynamic panel regression results point to...
Persistent link: https://www.econbiz.de/10015059389
Output gap estimates are subject to a wide range of uncertainty owing to data revisions and the difficulty in distinguishing between cycle and trend in real time. This is important given the central role in monetary policy of assessments of economic activity relative to capacity. We show that...
Persistent link: https://www.econbiz.de/10011163120
Persistent link: https://www.econbiz.de/10012691015
dynamics. We use an SVAR representation of the model to study the monetary transmission in Brazil. We find that interest rate …
Persistent link: https://www.econbiz.de/10014409051
We examine corporate sector vulnerabilities in Brazil, Chile, Colombia, Mexico and Peru. First, we identify stylized …
Persistent link: https://www.econbiz.de/10011242251
This is the tenth chapter of a forthcoming monograph entitled, ""On Implementing Full- Fledged Inflation-Targeting Regimes: Saying What You Do and Doing What You Say."" It describes the experiences of a number of countries with the introduction and implementation of inflation targeting regimes....
Persistent link: https://www.econbiz.de/10012677823
We examine the impact of formal adoption of inflation targeting (IT) on inflation, growth and anchoring of inflation expectations in advanced economies and emerging markets and developing economies (EMDEs). Our paper reports several findings relevant to assessing the success of IT regimes. We...
Persistent link: https://www.econbiz.de/10015059791
Inflation Targeting (IT) has become a prevalent monetary policy framework in the past three decades, as more central banks adopted and maintained price stability as their primary monetary policy mandate. Using a dataset of 68 major advanced countries and emerging markets economies, this paper...
Persistent link: https://www.econbiz.de/10015060017
estimate the income growth implied by the evolution of food demand and durable good ownership in post-reform Brazil and Mexico …
Persistent link: https://www.econbiz.de/10014409055
setting. While trade linkages with Brazil are significant for the Southern Cone countries (Argentina, Bolivia, Chile, Paraguay …Shocks stemming from Brazil - the large neighbor in South America - have historically been a source of concern for … policy-makers in other countries of the region. This paper studies the importance of Brazil's influence on its neighboring …
Persistent link: https://www.econbiz.de/10009618584