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In this paper, we discuss the management of monetary policy of the Latin American central banks that have fully … and Peru have followed an asymmetric behavior, while Colombia and Mexico have adopted a linear monetary policy rule. …
Persistent link: https://www.econbiz.de/10011985528
Persistent link: https://www.econbiz.de/10012057264
economies to have greater room of manouvre in conducting their monetary policy. On the one hand, we find that policy rates … monetary policy can respond countercyclically to fluctuations in GDP. However, our results also show that some of these Central … find evidence that in most cases, monetary authorities respond positively and systematically to movements in the policy …
Persistent link: https://www.econbiz.de/10014545922
This paper focuses on the implementation of the BCRA's monetary policy from the end of the convertibility regime to the … implement its monetary policy within diverse macroeconomic contexts. To review this history, which leaves many lessons for the … of the monetary policy and the economic context in which the BCRA issued securities. …
Persistent link: https://www.econbiz.de/10014546021
for the conduction of monetary policy focused on price stability along with fiscal discipline. This paper describes some …
Persistent link: https://www.econbiz.de/10011445098
have had real and lasting effects on the labor market; b) Mexico's monetary policy has been stabilizing, and c) the …
Persistent link: https://www.econbiz.de/10012217599
Persistent link: https://www.econbiz.de/10012609558
This paper analyzes the results of some price stabilization programs classified in the literature as Exchange Rate Based Stabilization (ERBS) and Money Based Stabilization (MBS) in connection to their temporary nature for this, a theoretical and analytical framework is developed that allows...
Persistent link: https://www.econbiz.de/10012609595
This paper analyzes the relationship between central bank independence and inflation in a panel of 182 countries for the period from 1970 to 2018. To measure the degree of independence, two measures are used, the Garriga (2016) index, constructed from the laws and internal regulations of central...
Persistent link: https://www.econbiz.de/10012616390
auctions. If the ECB decides to limit longer-term financing auctions, adapting them to its usual monetary policy procedure, it …
Persistent link: https://www.econbiz.de/10010280978