transition from a currency peg to inflation targeting that took place in 1999. The estimated model exhibits quite different … higher inflation and interest rates, and slightly lower GDP. Finally, the first half of 1998 arguably provided a window of …

of Inflation Targeting. We start applying methodologies developed by Calvo and Reinhart (2002) and Ball and Reyes (2004 …, 2008) to check the probabilities of changes in exchange rate and monetary policy instruments before and after inflation … exchange rate shocks before and after inflation targeting regime. VAR model helps to understand the impacts of switch in …

of Inflation Targeting. We start applying methodologies developed by Calvo and Reinhart (2002) and Ball and Reyes (2004 …, 2008) to check the probabilities of changes in exchange rate and monetary policy instruments before and after inflation … exchange rate shocks before and after inflation targeting regime. VAR model helps to understand the impacts of switch in …

financial repression, or rising inflation or both. Assuming that a debtor central bank moved towards a freely floating exchange …

financial repression, or rising inflation or both. Assuming that a debtor central bank moved towards a freely floating exchange …

monetary policy framework from monetary targeting to the pure inflation targeting, and the full capital and foreign exchange …