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Author
Debelle, Guy (2)
Cagliarini, Adam (1)Wilkinson, Jenny (1)
Subject
BANCOS CENTRALES (1)INFLACIÓN (1)MACROECONOMÍA (1)POLÍTICA MONETARIA (1)TASAS DE INTERÉS (1)... View More
Date Issued
2002 (2)
Document Type
Artículo (2)
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Inflation targeting and the inflation process: lessons from an open economy 

Author
Debelle, Guy; Wilkinson, Jenny
Date
Banco Central de Chile, 2002
Subject
INFLACIÓN; BANCOS CENTRALES; TIPO DE CAMBIO
Inflation targeting in an open economy insolves a number of complexities that do not arise with inflation targeting in a clises economy. One of these is that central banks in open economies have to decide how to repond to changes in the exchange rate.
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The effect of uncertainty on monetary policy: how good are the brakes? 

Author
Cagliarini, Adam; Debelle, Guy
Date
Banco Central de Chile, 2002
Subject
POLÍTICA MONETARIA; TASAS DE INTERÉS; MACROECONOMÍA
In most industrial countries, official interest rate changes tend to be 'smooth'. That is, rates are adjusted relatively infrequently and is small steps. Yet the path of interest rates that emerges as optimal from macroeconomic models is, in general, considerably more volatile. So are the paths of ...
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