Céspedes, Brisne J. V.; Lima, Elcyon Caiado Rocha; … - 2015
show that the CMCI, when compared to the MCI developed by Batini and Turnbull (2002), is a better measure of monetary … policy stance because it takes into account the endogeneity of variables involved in the analysis. The CMCI and the Bernanke … and Mihov MCI (BMCI), despite conceptual differences, show similarities in their chronology of the stance of monetary …