In this paper we estimate inflation expectations for several Latin American countries using an affine model that takes as factors the observed inflation and the parameters generated from zero-coupon yield curves of nominal bonds. By implementing this approach, we avoid the use of...

In this paper we estimate inflation expectations for several Latin American countries using an affine model that takes as factors the observed inflation and the parameters generated from zero-coupon yield curves of nominal bonds. By implementing this approach, we avoid the use of...

En este trabajo se obtiene una estimación de las expectativas de inflación para varios países de América Latina utilizando un modelo afín, que incluye como factores la inflación observada y los parámetros generados a partir de las curvas de rendimientos cupón cero sobre bonos soberanos...