Exchange rate pass-through and inflation targets in Chile

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cepal.articleNo8
cepal.bibLevelSección o Parte de un Documento
cepal.callNumberLC/G.2652-P
cepal.docTypeRevistas
cepal.jelCodeE31
cepal.jelCodeE52
cepal.jelCodeF41
cepal.jobNumberRVI117Mujica_en
cepal.physicalDescriptiongráficos., tablas.
cepal.regionalOfficeSantiago
cepal.topicEngFINANCIAL ARCHITECTURE
cepal.topicEngINFLATION
cepal.topicSpaARQUITECTURA FINANCIERA
cepal.topicSpaINFLACIÓN
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaSpaDESARROLLO ECONÓMICO
dc.contributor.authorMujica R., Patricio
dc.contributor.authorSaens, Rodrigo
dc.coverage.spatialEngCHILE
dc.coverage.spatialSpaCHILE
dc.date.accessioned2016-04-21T13:02:00Z
dc.date.available2016-04-21T13:02:00Z
dc.date.issued2015-12
dc.description.abstractUsing quarterly data on the Chilean economy from 1986 to 2009, this article looks at the effect of gradual implementation of an inflation-targeting regime on exchange rate pass-through to prices. Initially, the introduction of inflation-targeting contributes to substantial reductions in the pass-through coefficient. However, in the second phase of implementation, once the monetary authority extends the policy horizon and introduces greater flexibility into the exchange rate system, the pass-through coefficient rises sharply. The findings of this study show that exchange rate pass-through to prices, in addition to being sensitive to the inflationary environment, is closely tied to the rules of the game that shape the monetary policy framework.
dc.formatTexto
dc.format.extentpáginas. 137-14
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/G.2652-P
dc.identifier.urihttps://hdl.handle.net/11362/40068
dc.language.isoeng
dc.physicalDescriptionp. 137-146: gráfs., tabls.
dc.relation.isPartOfCEPAL Review
dc.relation.isPartOfNo117
dc.relation.isPartOfSeriesCEPAL Review
dc.relation.translationLanguagespa
dc.relation.translationRecordTraspaso de tipo de cambio y metas de inflación en Chile
dc.relation.translationUrihttps://hdl.handle.net/11362/39472
dc.rights.coarDisponible
dc.subject.unbisEngMONETARY POLICY
dc.subject.unbisEngFOREIGN EXCHANGE RATES
dc.subject.unbisEngCURRENCY
dc.subject.unbisEngINFLATION
dc.subject.unbisSpaPOLITICA MONETARIA
dc.subject.unbisSpaTIPOS DE CAMBIO
dc.subject.unbisSpaMONEDAS
dc.subject.unbisSpaINFLACION
dc.titleExchange rate pass-through and inflation targets in Chile
dc.type.coarartículo
dspace.entity.typePublication
relation.isAuthorOfPublicatione0f6aa0e-21fb-4b75-ab94-8e5cb27dbde8
relation.isAuthorOfPublicationd39a4214-612e-41f7-8c63-ca7c4459aa0f
relation.isAuthorOfPublication.latestForDiscoverye0f6aa0e-21fb-4b75-ab94-8e5cb27dbde8
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