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inflation of the previous year. This article explores the impact of this decision on the effectiveness of monetary policy, and … shows that the obligation to adjust the salary to past inflation leads monetary policy to have more effect on real activity … and generates more persistent inflation. …
Persistent link: https://www.econbiz.de/10005557781
This paper analyzes the relationship between central bank independence and inflation in a panel of 182 countries for … rate of governors. The results indicate that greater central bank independence is associated with lower levels of inflation … inflation volatility and central bank independence, although the results are statistically significant only when using the full …
Persistent link: https://www.econbiz.de/10012616390
This paper analyzes the relationship between central bank independence and inflation in a panel of 182 countries for … rate of governors. The results indicate that greater central bank independence is associated with lower levels of inflation … inflation volatility and central bank independence, although the results are statistically significant only when using the full …
Persistent link: https://www.econbiz.de/10012167321
En este documento se estima un modelo econométrico que descompone la seriede inflación trimestral anualizada entre un componente transitorio y otropermanente, este último inducido probablemente por las variaciones en la metadel Banco Central. Se concluye que la persistencia inflacionaria se...
Persistent link: https://www.econbiz.de/10008765704
This paper analyzes from a long-term perspective, if the performance of the Mexican peso exchange, presents a recurring asymmetric behavior against the US dollar, and if that behavior has an influence on the potential use of financial derivatives by non-financial firms Mexican selected in the...
Persistent link: https://www.econbiz.de/10011536981
This paper analyzes from a long-term perspective, if the performance of the Mexican peso exchange, presents a recurring asymmetric behavior against the US dollar, and if that behavior has an influence on the potential use of financial derivatives by non-financial firms Mexican selected in the...
Persistent link: https://www.econbiz.de/10011308139
English Abstract: Within the framework of the so-called “inflation targeting” strategy there is a discussion about the … convenience for a society as to the degree of “hardness” of a monetary authority looking to defend its inflation target, and the …↵ort to reach a certain inflation target. In addition, we present and use a solution of the rational expectations version of …
Persistent link: https://www.econbiz.de/10012950688
Persistent link: https://www.econbiz.de/10012057264
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