Central Banking: The Chilean Experience from the 1990s |
Contents
| 1 | |
Historical Background of Economic and Monetary Policy in Chile | 2 |
Present Operation of the Central Bank of Chile | 6 |
Strategy to Meet Objectives | 10 |
The Inflationtargeting Regime of Chile | 17 |
Future and Present Policy Challenges | 23 |
Concluding Remarks | 27 |
References | 29 |
About the Author | |
Other editions - View all
Common terms and phrases
annual approach Bank of Chile Bank's bankers capital inflows Chile's economic Chilean Central Bank Chilean Experience conduct of monetary Corbo core inflation credibility crisis currency stability decade decreasing inflation domestic and external economic performance economic policy effects enhanced exchange-rate band exchange-rate regime external payments external shocks financial integration financial markets financial system floating exchange rate GDP growth global gradual gross domestic product growth rate Hernández implement increasing inflation reduction Inflation Targeting inflation-targeting regime inter-temporal interest rate Latin America Loayza low inflation Lucas critique macroeconomic performance macroeconomic policy macroeconomic stability Massad monetary regime Morandé and Tapia nomic nominal anchor operation Paper payments system percent policy credibility policy decisions policy framework Policy in Chile policymaking price stability private sector reducing regulations result role Santiago Schmidt-Hebbel 2002 Schmidt-Hebbel and Tapia Schmidt-Hebbel and Werner Sidney Weintraub strategy tion tral banking Transmission Mechanisms transparency uncertainty University of Chile volatility