reducing the average inflation rate while there was a strong recovery of the output. However, there are accumulated risks in …

Mexico. It focuses on the role of the central bank and the case of the Mexican currency during the economic recovery after …

effects in the Central and Eastern European countries (plus Turkey and Russia) which practice flexible exchange rate policies … acceleration of output growth and containment of inflation in the long run. At the same time, it is not recommended to proceed with …

In the last decades, many developing countries abandoned their existing policy regimes and adopted inflation targeting … (IT) by which they aimed to control inflation through the use of policy interest rates. During the period before the … respect to depreciation and appreciation in order to hit their inflation targets. To that end, we analyze central banks …