Barajas, Adolfo; Steiner, Roberto; Villar, Leonardo; … - Inter-American Development Bank - 2014
repo rate in response to increases in the output gap and, except in Peru, to deviations of inflation expectations from … of integrated inflation targeting. There is strong evidence that intervention in F/X markets is determined by exchange … strong currency. Central banks appear to have pursued an inflation objective using a standard Taylor rule and an exchange …