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By examining the reaction functions of the Central Banks of Brazil, Chile, Colombia, Mexico, and Peru (LATAM-5) over the period 2002-2019, this article explores the degree to which the adoption of inflation targeting regimes allowed these economies to have greater room of manouvre in conducting...
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Este artículo analiza la reforma institucional de la política monetaria en la América Latina desde principios del decenio de los noventa. Afirma que el fortalecimiento de la independencia legal de los bancos centrales, junto con las políticas macroeconómicas, ayudó a disminuir la...
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