Inflation targeting has been widely adopted in Latin America. In this paper, we show evidence consistent with major beneficial effects from so doing, with falling term premia and anchored policy rate expectations. To do this we construct term premia estimates using the method suggested by Adrian...

The second annual Chief Economist Workshop, organized by the Bank of England's Centre for Central Banking Studies (CCBS), brought together economists from more than 30 central banks. It was part of CCBS's program of events to provide a forum for central bankers and academics to exchange views on...