Under inflation targeting and other related monetary policy regimes, the identification of non-transitory in ation and forecasts about future inflation constitute key ingredients for monetary policy decisions. In practice, central banks perform these tasks using so-called "core inflation...

En este documento se realiza una evaluación de la literatura teórica y empírica sobre la relación entre los regímenes cambiarios y el desempeño macroeconómico. La principal conclusión es que la distinción entre regímenes cambiarios fijos y flexibles parece ser importante para...

En este documento se realiza una evaluación de la literatura teórica y empírica sobre la relación entre los regímenes cambiarios y el desempeño macroeconómico. La principal conclusión es que la distinción entre regímenes cambiarios fijos y flexibles parece ser importante para...

Under inflation targeting and other related monetary policy regimes, the identication of non-transitory inflation and forecasts about future inflation constitute key ingredients for monetary policy decisions. In practice, central banks perform these tasks using so-called "core inflation...

We use real GDP per capita and three standard indicators of stock market development: value traded/GDP, market capitalization/GDP and turnover to study the short-run link between the stock market and economic activity in Peru. Based on annual time series data for the period 1965-2011, we...

Asymmetric effects of Central Bank foreign exchange (forex) intervention have not been extensively studied in the literature, even though in practice Central Bank's motives for purchasing and for selling foreign currency may differ. This paper studies asymmetric effects of Central Bank...

En este documento se realiza una evaluación de la literatura teórica y empírica sobre la relación entre los regímenes cambiarios y el desempeño macroeconómico. La principal conclusión es que la distinción entre regímenes cambiarios fijos y flexibles parece ser importante para...

This paper analyses the effects of sterilised, intraday foreign exchange market operations (non-discretionary and discretionary) on foreign exchange returns and volatility in four inflation targeting economies in Latin America. The distribution of exchange rates during intervention and...

This paper analyses the effects of sterilised, intraday foreign exchange market operations (non-discretionary and discretionary) on foreign exchange returns and volatility in four inflation targeting economies in Latin America. The distribution of exchange rates during intervention and...

Evalúan los cuarenta años de convivencia entre regímenes cambiarios fijos y flotantes.