Showing 1 - 10 of 411
This study examines the macroeconomic determinants of survey inflation expectations in Brazil since the adoption of …
Persistent link: https://www.econbiz.de/10014400848
This paper highlights that central banks from Brazil, Chile, Colombia, Mexico, and Peru (the LA5 countries) reaped the …
Persistent link: https://www.econbiz.de/10014402930
the long term. We illustrate its features by applying it to the LAC5 (Argentina, Brazil, Chile, Colombia and Mexico …
Persistent link: https://www.econbiz.de/10011671097
-income Latin American countries: Argentina, Brazil, Chile, Colombia, Mexico, and Peru. It explores the role played by several …"" within Brazil and Peru- the estimated speeds of convergence for these countries more than double after controlling for … different subnational levels of steady state. For the latter countries and Chile, convergence is also higher after controlling …
Persistent link: https://www.econbiz.de/10014400374
During the past two years Latin America has received sizable international capital inflows. This paper compares the recent experience with that of the late 1970s. The analysis examines differences and similarities between the two episodes in three broad areas: domestic macroeconomic conditions...
Persistent link: https://www.econbiz.de/10014395817
This paper constructs new business cycle indices for Argentina, Brazil, Chile, and Mexico based on common dynamic …
Persistent link: https://www.econbiz.de/10014399996
Anchoring of inflation expectations is of paramount importance for central banks' ability to deliver stable inflation and minimize price dispersion. Relying on daily interest rates and inflation forecasts from major financial institutions in the United States, we calculate monetary policy...
Persistent link: https://www.econbiz.de/10012392613
Many argue that improvements in monetary policy frameworks in emerging market economies over the past few decades, have made them more resilient to external shocks. This paper exploits the May 2013 taper tantrum in the United States to study the reaction of 18 large emerging markets to an...
Persistent link: https://www.econbiz.de/10012010090
Persistent link: https://www.econbiz.de/10009419634
The paper extends a standard semi-structural model to account for nonlinear and asymmetric effects of monetary policy credibility. In our setting, central bank credibility is proportional to the deviation of inflation expectations from the announced inflation target, with positive deviations...
Persistent link: https://www.econbiz.de/10012391944