Inflation Targeting in Latin America: Toward a Monetary Union?

Economía ◽  
2011 ◽  
Vol 12 (1) ◽  
pp. 71-112 ◽  
Author(s):  
Marc Hofstetter
Keyword(s):  
Latin America ◽  
Monetary Union ◽  
Inflation Targeting

scholarly journals Monetary integration issues in Latin America: A multivariate assessment

2008 ◽  
Vol 55 (3) ◽  
pp. 279-308
Author(s):  
Jean-Pierre Allegret ◽  
Alain Sand-Zantman
Keyword(s):  
Latin America ◽  
Exchange Rate ◽  
Business Cycles ◽  
Latin American ◽  
Monetary Union ◽  
Monetary Integration ◽  
Integration Process ◽  
Common Shocks ◽  
The Impact ◽  
Latin American Countries

This paper assesses the monetary consequences of the Latin-American integration process. Over the period 1991-2007, we analyze a sample of five Latin-American countries focusing on the feasibility of a monetary union between L.A. economies. To this end, we study the issue of business cycle synchronization with the occurrence of common shocks. First, we assess the international disturbances influence on the domestic business cycles. Second, we analyze the impact of the adoption of different exchange rate regimes on the countries' responses to shocks. .

Inflation Targeting and Inflation Risk in Latin America

2018 ◽  
Vol 55 (11) ◽  
pp. 2389-2408 ◽  
Author(s):  
Bruno Ferreira Frascaroli ◽  
Wellington Charles Lacerda Nobrega
Keyword(s):  
Latin America ◽  
Inflation Targeting ◽  
Inflation Risk

scholarly journals Is Inflation Targeting Still on Target? The Recent Experience of Latin America

2014 ◽  
Vol 17 (2) ◽  
pp. 185-208 ◽  
Author(s):  
Luis Felipe Céspedes ◽  
Roberto Chang ◽  
Andrés Velasco
Keyword(s):  
Latin America ◽  
Inflation Targeting ◽  
Recent Experience

scholarly journals Inflation targeting and term premia estimates for Latin America

2015 ◽  
Vol 24 (1) ◽  
Author(s):  
Andrew P. Blake ◽  
Garreth R. Rule ◽  
Ole J. Rummel
Keyword(s):  
Latin America ◽  
Inflation Targeting ◽  
Term Premia

scholarly journals Contractionary depreciations in Latin America during the 2000s

2021 ◽  
Vol 41 (4) ◽  
pp. 723-744
Author(s):  
MARTÍN MONTANÉ ◽  
EMILIANO LIBMAN ◽  
GUIDO ZACK
Keyword(s):  
Monetary Policy ◽  
Latin America ◽  
Simple Model ◽  
Latin American ◽  
Inflation Targeting ◽  
Taylor Rule ◽  
Policy Implications ◽  
Var Models ◽  
Short Run ◽  
Latin American Countries

ABSTRACT This paper explores the effects of currency depreciations on output for the main Latin American countries that have been using Inflation Targeting for almost two decades. We construct VAR models for Brazil, Chile, Colombia, Mexico and Peru for the last two decades and we find that depreciations have short-run contractionary effects in Brazil and Mexico. We illustrate some of the policy implications of that finding by building a simple model, and we show that contractionary effects of depreciations may have destabilizing effects when monetary policy is conducted using a standard Taylor Rule.

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