Inflation targeting works well in Latin America

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cepal.bibLevelSección o Parte de un Documento
cepal.callNumberLC/G.2518-P
cepal.docTypeRevistas
cepal.physicalDescriptiongráficos., tablas.
cepal.topicEngECONOMIC INDICATORS AND PROJECTIONS
cepal.topicEngINFLATION
cepal.topicEngMACROECONOMICS
cepal.topicSpaINDICADORES ECONÓMICOS Y PROYECCIONES
cepal.topicSpaINFLACIÓN
cepal.topicSpaMACROECONOMÍA
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaSpaDESARROLLO ECONÓMICO
dc.contributor.authorTorrejón-Flores, Fernando
dc.contributor.authorGarcía-Solanes, José
dc.coverage.spatialEngLATIN AMERICA
dc.coverage.spatialEngBRAZIL
dc.coverage.spatialEngCHILE
dc.coverage.spatialEngCOLOMBIA
dc.coverage.spatialEngMEXICO
dc.coverage.spatialEngPERU
dc.coverage.spatialSpaAMERICA LATINA
dc.coverage.spatialSpaBRASIL
dc.coverage.spatialSpaCHILE
dc.coverage.spatialSpaCOLOMBIA
dc.coverage.spatialSpaMEXICO
dc.coverage.spatialSpaPERU
dc.date.accessioned2014-01-02T18:46:00Z
dc.date.available2014-01-02T18:46:00Z
dc.date.issued2012-04
dc.descriptionIncludes bibliography
dc.description.abstractThis paper analyses the macroeconomic effects of inflation targeting (it) in five Latin American countries during the period 2000-2007. We perform three types of econometric tests, which coincide in showing that it regimes have contributed to decreasing the level and variability of both the rate of inflation and the short-term interest rate, compared with a group of non-it Latin American countries. Moreover, our empirical analysis clearly reveals that it has led to lower variability in gdp growth, but the net effects on the level of economic growth remain unclear. The main technical innovation of this paper is the estimation of a treatment effects model to solve the endogeneity problem of adopting it, which is inherently present in most of the econometric tests applied so far in this field.
dc.formatTexto
dc.format.extentpáginas. 37-53
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/G.2518-P
dc.identifier.urihttps://hdl.handle.net/11362/11581
dc.language.isoeng
dc.physicalDescriptiongrafs., tabls.
dc.physicalDescriptionp. 37-53
dc.relation.isPartOfCEPAL Review
dc.relation.isPartOfNo106
dc.relation.isPartOfSeriesCEPAL Review
dc.relation.translationLanguagespa
dc.relation.translationRecordLa fijación de metas de inflación da buenos resultados en América Latina
dc.relation.translationUrihttps://hdl.handle.net/11362/11525
dc.rights.coarDisponible
dc.subject.unbisEngINFLATION
dc.subject.unbisEngMONETARY POLICY
dc.subject.unbisEngMACROECONOMICS
dc.subject.unbisEngECONOMETRIC MODELS
dc.subject.unbisEngECONOMIC GROWTH
dc.subject.unbisEngECONOMIC INDICATORS
dc.subject.unbisSpaINFLACION
dc.subject.unbisSpaPOLITICA MONETARIA
dc.subject.unbisSpaMACROECONOMIA
dc.subject.unbisSpaMODELOS ECONOMETRICOS
dc.subject.unbisSpaCRECIMIENTO ECONOMICO
dc.subject.unbisSpaINDICADORES ECONOMICOS
dc.titleInflation targeting works well in Latin America
dc.type.coarartículo
dspace.entity.typePublication
relation.isAuthorOfPublication817137d8-e29a-491d-a670-38fe4251d116
relation.isAuthorOfPublication2ccdbb43-84bb-495f-b7eb-9c0f49e681ad
relation.isAuthorOfPublication.latestForDiscovery817137d8-e29a-491d-a670-38fe4251d116
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