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Indexation, inflation, and monetary policy
Although indexation policies and practices are common in many markets and economies, their implications for market efficiency and price stabilization remain controversial. This book contributes to the literature on indexation and inflation by including nine articles that are at the research frontier ...
Monetary policy under inflation targeting
Inflation targeting cum exchange-rate floating has become the framework of choice in countries pursuing an independent and effective monetary policy. Since its adoption by New Zealand (1990) and Chile (1991), central banks of nearly 25 industrial and emerging economies have implemented an explicit ...
Financial stability, monetary policy, and Central Banking
The financial developments of the last decade have had a large impact on the range of risk diversification contracts available to investors. Based on these complex instruments, the investment possibility frontier was shifted outward and increasingly intricate networks were created. At the same time, ...
Monetary policy under uncertainty and learning
Huge swings in oil, food, and other commodity prices and the global financial crisis are at the core of current monetary policy discussion. The latter events are vivid reminders of how uncertainty, imperfect knowledge, and the need to learn affect macroeconomic behavior and the conduct of monetary ...
Banco Central de Chile 1925-1964: una historia institucional
La historia monetaria de Chile en el siglo XX es reconocidamente interesante y ha sido objeto de numerosos estudios. Con todo, el principal ente emisor de dinero no disponía de una historia institucional que pudiese contribuir con nuevos elementos para explicar algunos de los fenómenos monetarios y ...
Banco Central de Chile 1925-1964; 1964-1989: una historia institucional
La historia monetaria de Chile en el siglo XX es reconocidamente interesante y ha sido objeto de numerosos estudios. Con todo, el principal ente emisor de dinero no disponía de una historia institucional que pudiese contribuir con nuevos elementos para explicar algunos de los fenómenos monetarios y ...