Este documento revisa un modelo de determinacióln de precios en un entorno de alta inflación e incertidumbre. Se centra … en el análisis de los efectos del cambio en el nivel de incertidumbre sobre la tasa "óptima" de inflación. Propone …

Este documento analiza el proceso inflacionario en el Perú durante el período 1981-1988. Los resultados de este trabajo …

sub indexes’ inflation dynamics indicate that the exchange rate pass-through in the perfectly competitive sector is … sector. Also, that inflation inertia is lower in the former than in the latter; adding up in more volatility of the perfectly … competitive inflation rate. For policy makers an interesting feature of the perfectly competitive price index is that the evidence …

-run uncertainty in inflation. The results of the model also illustrate how, during the recent period of price stability in Peru, both …The link between inflation and inflation uncertainty is evaluated using Peruvian data, in a context of changing … components is used. The model shows how periods of high (low) inflation accompany periods of high (low) short- and long …

In the last years four Latin American countries (Chile, Colombia, Mexico and Peru) have switched to inflation targeting … its implementation: (i) which inflation measure should use: core vs headline; (ii) how forecastable are these measures of … inflation; and (iii) how effective is the monetary policy to control its behavior. The paper follows the steps of Bryan and …

towards a state where a clear nominal anchor has become well grounded (Inflation Targeting). The different BVAR specifications …

A central element of an inflation targeting approach to monetary policy is a proper measure of inflation. The … international evidence suggests the use of core inflation measures. In this paper we claim that core inflation should be measured as … the underlying trend of inflation that comes from nominal shocks that have no real effect in the long term. However, most …