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Modeling the Monetary Policy Reaction Function of the Colombian Central Bank
Otero, Jesus - 2010
This paper proposes a simple Ordered Probit model to analyse the monetary policy reaction function of the Colombian Central Bank. There is evidence that the reaction function is asymmetric, in the sense that the Bank increases the Bank rate when the gap between observed inflation and the...
Persistent link: https://www.econbiz.de/10013148917
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Canaries and vultures : A quantitative history of monetary mismanagement in Brazil
Albuquerque, Pedro H.; Gouvea, Solange - 2022
During the last two decades of the twentieth century, Brazil went through a sequence of failed stabilization plans that …
Persistent link: https://www.econbiz.de/10014223480
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Canaries and vultures : A quantitative history of monetary mismanagement in Brazil
Albuquerque, Pedro H.; Gouvea, Solange - 2023
During the last two decades of the twentieth century, Brazil went through a sequence of failed stabilization plans that …
Persistent link: https://www.econbiz.de/10014354058
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Monetary Policy and Inflation Expectations in Latin America : Long-run Effects and Volatility Spillovers
2006
-integration analysis to estimate simultaneously a monetary reaction function and the determinants of expected inflation for Brazil, Chile … examination, and ii) greater volatility in the monetary stance leads to higher volatility in expected inflation in Brazil …
Persistent link: https://www.econbiz.de/10012446842
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Inflation targeting and inflation expectations : evidence for Brazil and Turkey
Altuğ, Sumru; Çakmaklı, Cem - 2014
In this paper, we study the evolution of inflation expectations for two key emerging economies, Brazil and Turkey … survey-based inflation expectations and inflation targets set by the central banks of Brazil and Turkey with the predictions … inflation expectations are anchored more closely the inflation target set by the Central Bank for Brazil. By contrast, there is …
Persistent link: https://www.econbiz.de/10010337610
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Monetary policy regimes in Brazil
Lima, Elcyon Caiado Rocha; Maka, Alexis; Mendonça, … - 2015
This article estimates the monetary policy rule followed by the Brazilian Central Bank for setting its main policy instrument, the SELIC rate, for the period after the Real Plan. In order to overcome the uncertainty over the dates at which changes in parameters occurred, this paper uses...
Persistent link: https://www.econbiz.de/10012053320
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Monetary Policy Regimes in Brazil
Lima, Elcyon Caiado Rocha - 2007
This article estimates the monetary policy rule followed by the Brazilian Central Bank for setting its main policy instrument, the SELIC rate, for the period after the Real Plan. In order to overcome the uncertainty over the dates at which changes in parameters occurred, this paper uses...
Persistent link: https://www.econbiz.de/10012730071
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The tale of the contagion of two crises and policy responses in Brazil : a case of (Keynesian) policy coordination?
Paula, Luiz Fernando de; Modenesi, André de Melo; … - In: Journal of post-Keynesian economics : JPKE 37 (2015) 3, pp. 408-435
Persistent link: https://www.econbiz.de/10011618233
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Exit Options for Argentina with a Special Focus on Their Impact on External Trade
Chauvin, Sophie - Centre d'études prospectives et d'informations … - 2001
Persistent link: https://www.econbiz.de/10005406545
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Stabilization Programs and Policy Credibility : Peru in the 1990s
Quispe-Agnoli, Myriam - 2014
This paper uses a rational expectations macroeconomic model in which economic agents formulate the probability about the sustainability of the economic policy - that is, policy credibility - using current and lagged values of government expenditures and lagged values of the inflation rate. The...
Persistent link: https://www.econbiz.de/10014048596