Esta publicación contiene información sobre exportaciones e importaciones totales a nivel de país. Comprende dos partes: en la primera, se presenta un análisis del comportamiento global del comercio exterior, algunos estudios especiales sobre sectores de la producción y el intercambio comercial con ...

El Banco Central de Chile ha publicado su Memoria Integrada 2020, reporte que detalla los principales hitos financieros, medioambientales, de relación con la comunidad, con sus trabajadores y el aporte que la institución hace al país a través del cumplimiento de su mandato legal, con el foco puesto ...

Central banks used to ask, “Shall we communicate this?” Now, as a rule, they ask, “Why wouldn’t we communicate this?” This first wave of the revolution in central-bank communication is giving rise to a second wave. The question increasingly is, “How should we communicate this in a way that engages a ...

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. Despite these achievements, some old challenges have come back in recent years and ...

Before the Global Financial Crisis, a drive towards greater central-bank autonomy and transparency, as part of the achievement of greater central-bank credibility that had begun in the advanced economies (AE), spread to the emerging market economies (EME). This process was greatly enhanced by the ...

For a small open economy, maintaining a stable exchange rate and moderate levels of inflation is often a goal of primary importance. At the same time, the profession has recognized the tight link between fiscal and monetary policies in determining inflation dynamics. Thus, the goal of a stable exchange ...

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 accommodate it, and this creates seignorage revenues. Inflation unexpectedly ...

Historically, many emerging economies, particularly in Latin America, battled against persistently high and volatile inflation. Today, emerging economies continue to experience higher inflation than developed ones, and their central banks deviate more frequently from inflation targets. These patterns ...

Esta publicación contiene información sobre exportaciones e importaciones totales a nivel de país. Comprende dos partes: en la primera, se presenta un análisis del comportamiento global del comercio exterior, algunos estudios especiales sobre sectores de la producción y el intercambio comercial con ...

El Banco Central de Chile ha publicado su Memoria Integrada 2020, reporte que detalla los principales hitos financieros, medioambientales, de relación con la comunidad, con sus trabajadores y el aporte que la institución hace al país a través del cumplimiento de su mandato legal, con el foco puesto ...

Esta publicación contiene información sobre exportaciones e importaciones totales a nivel de país. Comprende dos partes: en la primera, se presenta un análisis del comportamiento global del comercio exterior, algunos estudios especiales sobre sectores de la producción y el intercambio comercial con ...

Esta publicación contiene información sobre exportaciones e importaciones totales a nivel de país. Comprende dos partes: en la primera, se presenta un análisis del comportamiento global del comercio exterior, algunos estudios especiales sobre sectores de la producción y el intercambio comercial con ...

Chile offers an example of a country that has overcome the fear of floating by reducing balance-sheet mismatches; enhancing financial-market development; and improving monetary, fiscal, and political institutions; while strengthening policy credibility. Under the floating regime, Chile’s economic ...

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 central bank would lead to better outcomes. To this prior, the experience of ...

Esta publicación contiene información sobre exportaciones e importaciones totales a nivel de país. Comprende dos partes: en la primera, se presenta un análisis del comportamiento global del comercio exterior, algunos estudios especiales sobre sectores de la producción y el intercambio comercial con ...

The job of central bankers is to use the monetary powers granted to them to promote price stability, sustainable growth, and a stable financial system. They do this in an environment fraught with unavoidable uncertainties. But, in conducting policy, there is one uncertainty that policymakers can and ...

Around the world, most central banks set policy by committee. This is motivated in part by the idea that groups reach better decisions than individuals and in part by a desire for representation of different geographical areas and economic constituencies in policymaking. The Bank for International ...

Central banking today faces a number of existential challenges. On the political side, and particularly after the financial crisis, the public has come to expect central banks to take on a dizzying array of responsibilities, some far beyond their power or remit. These include everything from enhanced ...

Central bank independence is one of the most remarkable pieces of institutional architecture fostered by economic thinking in the last half century. Theoretical studies in the 1980s stressed central bank independence as a precondition to bringing inflation under lasting control, and support for reform ...