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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
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
Persistent link: https://www.econbiz.de/10003568117
Este documento de trabajo provee un análisis empírico de la relación entre movimientos del tipo de cambio y los principales índices de precios en los países de la OECD. El análisis del trabajo esta centrado en cómo diferentes ambientes inflacionarios permitirían explicar el descenso en...
Persistent link: https://www.econbiz.de/10005443342
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
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