SciELO - Scientific Electronic Library Online

 
vol.44 número2Desigualdad, inflación, ciclos y crisis en Chile índice de autoresíndice de materiabúsqueda de artículos
Home Pagelista alfabética de revistas  

Servicios Personalizados

Revista

Articulo

Indicadores

Links relacionados

  • En proceso de indezaciónCitado por Google
  • No hay articulos similaresSimilares en SciELO
  • En proceso de indezaciónSimilares en Google

Compartir


Estudios de economía

versión On-line ISSN 0718-5286

Resumen

BARROS-CAMPELLO, Esther; PATEIRO-RODRIGUEZ, Carlos; SALCINES-CRISTAL, J. Venancio  y  PATEIRO-LOPEZ, Carlos. Inflation Targeting: Evidence for Latin America (1999-2015). Estudios de Economía [online]. 2017, vol.44, n.2, pp.223-250. ISSN 0718-5286.  http://dx.doi.org/10.4067/S0718-52862017000200223.

In this paper, we discuss the management of monetary policy of the Latin American central banks that have fully established inflation targeting. An optimal monetary rule is estimated for these economies using the Generalized Method of Moments. This analysis allows us to conclude that these central banks have taken into account the economic growth, in addition to price stability. However, only Chile has taken into account the evolution of the exchange rate. Furthermore, Chile, Brazil and Peru have followed an asymmetric behavior, while Colombia and Mexico have adopted a linear monetary policy rule.

Palabras clave : Central Bank; inflation; monetary rules; asymmetries..

        · resumen en Español     · texto en Español     · Español ( pdf )