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Monetary policy rules and transmission mechanisms under inflation targeting in Israel
Disinflation in Israel has been a relatively slow process. It took more than a decade for the annual rate of inflation to fall from about 18 percent in the late 1980s to less than 4 percent in the late 1990s. For 2000 and 2001 the government has set an inflation target range of 3 to percent. Whether ...
Making hard choices: trilemmas and dilemmas of macroeconomic policy in Latin America
Este artículo determina la linealidad del trilema de política macroeconómica para Colombia, Chile, México y Perú. El rol del crecimiento del crédito es considerado explícitamente con el fin de examinar la hipótesis alternativa de un dilema de política generado por la presencia de ciclos financieros ...
Financial stability monetary policy and Central Banking: an overview
The financial developments of the last decade had a large impact on the management of risk providing more diversified portfolios to investors. Based on these complex financial contracts investors were able to shift the investment possibilities frontier outward however that movement generated intricate ...
Cuentas ambientales: metología de medición de recursos forestales en unidades físicas 1985-1996
La presente publicación corresponde a un trabajo conjunto efectuado por el Banco Central de Chile y la Corporación Nacional Forestal, cuyo objetivo fue la elaboración de una propuesta metodológica que permita construir un sistema de balances, en unidades físicas, para los recursos forestales chilenos. ...
Lessons from inflation targeting in New Zealand
The number of central banks that have adopted formal inflation targeting regimes expanded over the past decade from only one to eight. The number increases even further when central banks that set policy consistent with a formal inflation target are included. Commesurate with the formal or informal ...