Basco, Emiliano; Katz, Sebastián; Libonatti, Luis - 2023 - Esta versión: Noviembre 2023
monetary policy can respond countercyclically to fluctuations in GDP. However, our results also show that some of these Central …By examining the reaction functions of the Central Banks of Brazil, Chile, Colombia, Mexico, and Peru (LATAM-5) over … economies to have greater room of manouvre in conducting their monetary policy. On the one hand, we find that policy rates …