Showing 1 - 10 of 26,877
In 1999, new monetary policy regimes were adopted in Brazil, Chile, Colombia and Mexico, combining inflation targeting … responsiveness by the monetary authority to changes in expected inflation in Brazil and Chile, while in Colombia and Mexico monetary … Brazil, Colombia and Mexico, despite higher inflation volatility in Brazil and Colombia. This paper estimates a conventional …
Persistent link: https://www.econbiz.de/10012446870
-integration analysis to estimate simultaneously a monetary reaction function and the determinants of expected inflation for Brazil, Chile …, Colombia and Mexico in the post-1999 period. It also tests for the presence of volatility spillovers between the monetary …, Colombia and Mexico, suggesting that interest-rate smoothing contributes to reducing inflation expectations volatility. No …
Persistent link: https://www.econbiz.de/10012446842
By examining the reaction functions of the Central Banks of Brazil, Chile, Colombia, Mexico, and Peru (LATAM-5) over …
Persistent link: https://www.econbiz.de/10014433825
In this paper, we explore machine learning (ML) methods to improve inflation forecasting in Brazil. An extensive out …
Persistent link: https://www.econbiz.de/10014382916
Persistent link: https://www.econbiz.de/10001404855
This article estimates the monetary policy rule followed by the Brazilian Central Bank for setting its main policy instrument, the SELIC rate, for the period after the Real Plan. In order to overcome the uncertainty over the dates at which changes in parameters occurred, this paper uses...
Persistent link: https://www.econbiz.de/10012730071
This article estimates the monetary policy rule followed by the Brazilian Central Bank for setting its main policy instrument, the SELIC rate, for the period after the Real Plan. In order to overcome the uncertainty over the dates at which changes in parameters occurred, this paper uses...
Persistent link: https://www.econbiz.de/10012053320
In this paper, we extend Surico's (2007a) model to an open economy and test if the Brazilian Central Bank's loss function is asymmetric with regard to positive and negative deviations of the output gap and of the inflation rate from its target. Furthermore, we use tests for structural breaks to...
Persistent link: https://www.econbiz.de/10011864751
Based on market expectations reported by the Central Bank of Brazil for the SELIC interest rate, the IPCA inflation …
Persistent link: https://www.econbiz.de/10011865624
We document the evolution of labor markets of five Latin American countries during the COVID-19 pandemic, with emphasis on informal employment. We show, for most countries, a slump in aggregate employment, mirrored by a fall in labor participation, and a decline in the informality rate. The...
Persistent link: https://www.econbiz.de/10012796814