Based on market expectations reported by the Central Bank of Brazil for the SELIC interest rate, the IPCA inflation … expectations about the IPCA inflation rate and the SELIC interest rate have a strong negative relationship with central bankers …

interpreted, first and foremost, as a commitment device. In our setting, a monetary target helps anchoring inflation and inflation … well as a strong response to deviations of inflation from target and to the activity growth gap. In contrast, the response …

actions are explained solely by its forecasts of inflation and real activity. Finally, we explore the possibility of …

, Sweden, the UK and the US. Employing this indicator we show that increasing effective conservatism tends to lower inflation … without increasing the output gap. However, while a higher degree of effective conservatism does not result in lower inflation … independence ; inflation …

I investigate the causes of the high inflation Argentina experienced from 2007 to 2015. To do so, I estimate the … obtained for other economies in the region were inflation was kept under control. I find that there are some country specific … patterns in Argentina that can explain the high inflation observed during the analyzed years. First of all, Argentinean …

I investigate the causes of the high inflation Argentina experienced from 2007 to 2015. To do so, I estimate the … I obtained for other economies in the region were inflation was kept under control. I find that there are some country … specific patterns in Argentina that can explain the high inflation observed during the analyzed years. First of all …

This paper investigates the forward-lookingness of monetary policy related to stabilising inflation over time under … transition path to the full-fledged inflation targeting regime. The analysis is based on an interest rate-based hybrid monetary …-looking monetary policy rule related to inflation stabilisation. The main results show that monetary policy is fully forward …