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La experiencia colombiana bajo un régimen de fluctuación controlada del tipo de cambio: el papel de las intervenciones bancarias
Monsalve, Mauricio Alberto Hernández; Mesa, Ramón Javier - In: Lecturas de Economía (2006) 65, pp. 37-72
The behavior of Colombian politics over recent years, associated to the set of interventions on the exchange market, is the stylized fact that motivated this study. The objective is to measure the relative size of currency exchange interventions during 2004 and 2006, a period of appreciation of...
Persistent link: https://www.econbiz.de/10005243298
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El esquema de objetivos de inflación: Evidencia para América Latina (1999-2015)
Barros-Campello, Esther; Pateiro-Rodríguez, Carlos; … - In: Estudios de Economía 44 (2017) 2, pp. 223-250
established inflation targeting. An optimal monetary rule is estimated for these economies using the Generalized Method of Moments …
Persistent link: https://www.econbiz.de/10011985528
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La independencia de los bancos centrales y la inflación: Un análisis empírico
Chiquiar, Daniel; Ibarra-Ramírez, Raúl - 2019
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
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La gestión de la liquidez del Banco Central Europeo durante la crisis financiera: 2008 - 2009
Pateiro Rodríguez, Carlos; García Iglesias, Jesús M.; … - 2010
After the bankruptcy of Lehman Brothers, in September 2008, there was huge stress in the financial markets. In the money markets, the Eurosystem had to adopt measures providing liquidity to banks in order to avoid the collapse of the interbank market. In this work we analyze the changes in the...
Persistent link: https://www.econbiz.de/10010280978
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Inflation Targeting: Evidence for Latin America (1999-2015)
Barros-Campello, Esther; Pateiro-Rodríguez, Carlos; … - In: Estudios de economía 44 (2017) 2, pp. 223-250
established inflation targeting. An optimal monetary rule is estimated for these economies using the Generalized Method of Moments …
Persistent link: https://www.econbiz.de/10011980261
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La independencia de los bancos centrales y la inflación : un análisis empírico
Chiquiar, Daniel; Ibarra-Ramírez, Raúl - 2019
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
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LA META DEL BANCO CENTRAL Y LA PERSISTENCIA DE LA INFLACIÓN EN COLOMBIA
Echavarría, Juan José; Rodríguez, Norberto; Rojas, … - BANCO DE LA REPÚBLICA - 2010
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
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El rol de los títulos emitidos por el Banco Central en los últimos 20 años de política monetaria argentina
Rodríguez, Esteban; Carrera, Jorge E.; Maciel, Gaspar - 2023
This paper focuses on the implementation of the BCRA's monetary policy from the end of the convertibility regime to the present. The issuance of interest-bearing liabilities was a central element that gave the BCRA operational autonomy to implement its monetary policy within diverse...
Persistent link: https://www.econbiz.de/10014546021
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Non-Linear Effects of Monetary Policy and Real Exchange Rate Shocks in Partially Dollarized Economies: An Empirical Study for Peru
Bigio, Saki; Salas, Jorge - Banco Central de Reserva del Perú - 2006
We study whether monetary policy and real exchange rate shocks have non-linear effects on output and inflation in a … inflation. Regarding real exchange rate shocks, we show that depreciations have greater negative effects during economic …
Persistent link: https://www.econbiz.de/10005209355
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Ganando grados de libertad : el manejo de la política monetaria en LATAM-5
Basco, Emiliano; Katz, Sebastián; Libonatti, Luis - 2023 - Esta versión: Noviembre 2023
the period 2002-2019, this article explores the degree to which the adoption of inflation targeting regimes allowed these … respond more than proportionally to deviations in expected inflation over a one-year horizon. On the other hand, we find that …
Persistent link: https://www.econbiz.de/10014433825