scholarly journals On the Credibility of Inflation Targeting Regimes in Latin America

Author(s):  
Rodrigo Mariscal ◽  
Andrew Powell ◽  
Pilar Tavella
2018 ◽  
Vol 55 (11) ◽  
pp. 2389-2408 ◽  
Author(s):  
Bruno Ferreira Frascaroli ◽  
Wellington Charles Lacerda Nobrega

2014 ◽  
Vol 17 (2) ◽  
pp. 185-208 ◽  
Author(s):  
Luis Felipe Céspedes ◽  
Roberto Chang ◽  
Andrés Velasco

2015 ◽  
Vol 24 (1) ◽  
Author(s):  
Andrew P. Blake ◽  
Garreth R. Rule ◽  
Ole J. Rummel

2021 ◽  
Vol 41 (4) ◽  
pp. 723-744
Author(s):  
MARTÍN MONTANÉ ◽  
EMILIANO LIBMAN ◽  
GUIDO ZACK

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.


CEPAL Review ◽  
2012 ◽  
Vol 2012 (106) ◽  
pp. 37-53 ◽  
Author(s):  
José García-Solanes ◽  
Fernando Torrejón-Flores

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