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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
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
Persistent link: https://www.econbiz.de/10001435023
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
Persistent link: https://www.econbiz.de/10003567661
This paper introduces an indicator of consumers' inflation expectations based on data from the National Consumer … Confidence Survey of Mexico (ENCO, in Spanish), and tests its predictive power over CPI inflation and other measures of inflation … between January 2003 and September 2010, the predictive capability of the indicator over the different measures of inflation …
Persistent link: https://www.econbiz.de/10009674751