substantial pass-through effects to inflation, given the large and persistent depreciation movement. Widespread indexation … indexation is less relevant to the inflation dynamics. Overall, inflation would have remained within the central bank's target …This paper examines inflation dynamics in Chile during the last peso depreciation episode 2013-15. The evidence is for …

determine the extent to which efficient arbitrage takes place under conditions of partial financial indexation. The data cannot … future changes in inflation. The significant implications of these findings for the conduct of monetary policy are also …

This paper examines the relationship between the degree of wage indexation chosen by private agents and the degree of … indexation of the public debt. It is shown that the government is likely to respond to an increase in the degree of wage … indexation by increasing the portion of the public debt that is indexed. By contrast, the effect of an increase in public debt …

-level-indexed and foreign-denominated debt securities. The model predicts that the variance of inflation, the size of the public debt …, the variance of the real exchange rate, and the correlation of inflation with public expenditures are the main …

through taxes. This paper discusses the trade-offs that arise in different country contexts and the potential for …