This document studies the recent evolution of the break-even-inflation implicit in the yields of long-term financial … instruments in Mexico. In particular, it analyzes the dynamics of its main components: the long-run inflation expectation and the … components. This reflects, on the one hand, the progressive convergence of the estimated inflation expectation to Banco de México …

This paper analyzes the relationship between central bank independence and inflation in a panel of 182 countries for … rate of governors. The results indicate that greater central bank independence is associated with lower levels of inflation … inflation volatility and central bank independence, although the results are statistically significant only when using the full …

This document studies the recent evolution of the break-even-inflation implicit in the yields of long-term financial … instruments in Mexico. In particular, it analyzes the dynamics of its main components: the long-run inflation expectation and the … components. This reflects, on the one hand, the progressive convergence of the estimated inflation expectation to Banco de México …

This paper analyzes the relationship between central bank independence and inflation in a panel of 182 countries for … rate of governors. The results indicate that greater central bank independence is associated with lower levels of inflation … inflation volatility and central bank independence, although the results are statistically significant only when using the full …

aggregates on the inflation determination in Chile the last years. We estimate a rational expectations equations system derived … additional information in monetary aggregates -M1A and M2A- to predict inflation that were not contained in lags of output gap. …

Inflation expectations play a key role for a central bank under an inflation targeting regime. This paper analyses the … inflation expectations of economic agents answering the Survey of Macroeconomic Expectations run by the Central Bank of the … inflation; b) heterogeneity of inflation expectations among different groups; and by last, c) data fails rationality tests …

definition of price stability, I adopt the one that has prevailed in most central banks worldwide: an inflation rate of 2% within … a range between 1-3%. Comparing observed inflation and a three-year moving average of the inflation rate of Latin … American countries with this benchmark, I conclude that the region has attained a low inflation but not price stability. The …