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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
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
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
We construct inflation pressure indicators based on the long-run relationship that exists between monetary aggregates … determinants considering its long-run coefficients. Our results indicate that monetary policy has been congruent with the inflation …
Persistent link: https://www.econbiz.de/10011445082
We construct inflation pressure indicators based on the long-run relationship that exists between monetary aggregates … determinants considering its long-run coefficients. Our results indicate that monetary policy has been congruent with the inflation …
Persistent link: https://www.econbiz.de/10011294297
The aim of this paper is to study the role that prices play in the New Neoclassical Synthesis. It is shown that although the New Synthesis emphasizes the importance of having a monetary theory to recommend monetary policies, it essentially offers the same answers on the minor role of prices in...
Persistent link: https://www.econbiz.de/10005464605
The exchange rate is influenced by multiple national and international macroeconomic factors, which generates high levels of uncertainty. The objective of this research is the construction of ARIMA-GARCH and ARIMAX-GARCH models as a tool for the forecast of the exchange rate in Colombia from the...
Persistent link: https://www.econbiz.de/10014494431
The exchange rate is influenced by multiple national and international macroeconomic factors, which generates high levels of uncertainty. The objective of this research is the construction of ARIMA-GARCH and ARIMAX-GARCH models as a tool for the forecast of the exchange rate in Colombia from the...
Persistent link: https://www.econbiz.de/10012258787
This paper analyzes the determinants of the interest rate of short-term unsecured loan inter-bank market (call) in Argentina. The results show that the heterogeneous nature of the entities, in terms of size and origin of ownership, impacts on the interest rate agreed. Other additional aspects,...
Persistent link: https://www.econbiz.de/10010325101
inflation to a rate set in pesos (nominal) that took place in August 2001. The debate within the Central Bank was long and at …
Persistent link: https://www.econbiz.de/10005510181