Listar por autor "Reis, Ricardo"

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      Independence, credibility, and communication of central banking 

      Pastén, Ernesto; Reis, Ricardo (Banco Central de Chile, 2021-10)
      The three topics covered in the title of this volume have proved to be critical in the remarkable success of modern central banks around the globe in the fight to control inflation and smooth macroeconomic fluctuations. ...
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      Independence, credibility, and communication of central banking: an overview 

      Pastén, Ernesto; Reis, Ricardo (Banco Central de Chile, 2021-10)
      The institution of central-bank independence is often lauded as a great conquest of the accumulation of knowledge and the sensible setting of policy. The economic literature is filled with arguments for why an independent ...
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      The fiscal footprint of macroprudential policy 

      Reis, Ricardo (Banco Central de Chile, 2021-10)
      Monetary policies leave a fiscal footprint. When the central bank cuts the policy interest rate, this footprint comes through multiple channels: The demand for currency rises, so the central bank prints more banknotes to ...