América Latina ha sido gravemente afectada por la crisis y la recesión internacional desde finales de 2008. En comparación con crisis anteriores, ¿cómo ha enfrentado América Latina esta crisis global?, ¿cuál ha sido el papel de los diferentes mecanismos de transmisión?, y ¿cómo las...

Ten years of inflation targeting worldwide provide valuable lessons. Inflation targeters (ITers) have been very successful in meeting their inflation targets (ITs). Industrial output sacrifice during inflation stabilization and industrial output volatility has frequently been lowered after IT...

Latin America has been strongly affected by the international crisis and recession since late 2008. Compared with previous crises, how Latin America has faced this global crisis, what has been the role of different transmission mechanisms and how the structural conditions of the region have...

Ten years of inflation targeting worldwide provide valuable lessons. Inflation targeters (ITers) have been very successful in meeting their inflation targets (ITs). Industrial output sacrifice during inflation stabilization and industrial output volatility has frequently been lowered after IT...

Latin America has been strongly affected by the international crisis and recession since late 2008. Compared with previous crises, how Latin America has faced this global crisis, what has been the role of different transmission mechanisms and how the structural conditions of the region have...

Ten years of inflation targeting worldwide provide valuable lessons. Inflation targeters (ITers) have been very successful in meeting their inflation targets (ITs). Industrial output sacrifice during inflation stabilization and industrial output volatility has frequently been lowered after IT...

This paper draws on estimates of consumption functions for 13 developing countries to analyze the effectiveness of public policy in raising saving. First, it provides evidence from time-series and panel data on how liquidity constraints affect consumption functions. This suggests that a rise in...