Credibility and inflation targeting in Chile

After a long history of high and volatile inflation, the Central Bank of Chile began implementing its monetary policy in the early 1990s by announcing yearly targets for inflation. This new framework was the first step toward a full-fledged inflation-targeting setup, although the Central Bank contin...

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Autores principales:	Céspedes, Luis Felipe, Soto, Claudio
Formato:	Artículo
Lenguaje:	eng
Publicado:	Banco Central de Chile 2019
Materias:	INFLACIÓN BANCO CENTRAL DE CHILE POLÍTICA MONETARIA PRECIOS
Acceso en línea:	https://hdl.handle.net/20.500.12580/3730
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spelling	oai-20.500.12580-37302021-04-24T11:00:50Z Credibility and inflation targeting in Chile Céspedes, Luis Felipe Soto, Claudio INFLACIÓN BANCO CENTRAL DE CHILE POLÍTICA MONETARIA PRECIOS After a long history of high and volatile inflation, the Central Bank of Chile began implementing its monetary policy in the early 1990s by announcing yearly targets for inflation. This new framework was the first step toward a full-fledged inflation-targeting setup, although the Central Bank continued to pursue an explicit objective for the exchange rate. One year before the first announced inflation target in 1990, the Central Bank was granted autonomy through a special law that explicitly states that the main objective of monetary policy is to ensure price stability. 2019-11-01T00:03:35Z 2019-11-01T00:03:35Z 2007 Artículo 978-956-7421-28-2 https://hdl.handle.net/20.500.12580/3730 eng Series on Central Banking, Analysis, and Economic Policies, no. 11 Attribution-NonCommercial-NoDerivs 3.0 Chile http://creativecommons.org/licenses/by-nc-nd/3.0/cl/ .pdf Sección o Parte de un Documento p. 547-578 application/pdf CHILE Banco Central de Chile
institution	Banco Central
collection	Banco Central
language	eng
topic	INFLACIÓN BANCO CENTRAL DE CHILE POLÍTICA MONETARIA PRECIOS
spellingShingle	INFLACIÓN BANCO CENTRAL DE CHILE POLÍTICA MONETARIA PRECIOS Céspedes, Luis Felipe Soto, Claudio Credibility and inflation targeting in Chile
description	After a long history of high and volatile inflation, the Central Bank of Chile began implementing its monetary policy in the early 1990s by announcing yearly targets for inflation. This new framework was the first step toward a full-fledged inflation-targeting setup, although the Central Bank continued to pursue an explicit objective for the exchange rate. One year before the first announced inflation target in 1990, the Central Bank was granted autonomy through a special law that explicitly states that the main objective of monetary policy is to ensure price stability.
format	Artículo
author	Céspedes, Luis Felipe Soto, Claudio
author_facet	Céspedes, Luis Felipe Soto, Claudio
author_sort	Céspedes, Luis Felipe
title	Credibility and inflation targeting in Chile
title_short	Credibility and inflation targeting in Chile
title_full	Credibility and inflation targeting in Chile
title_fullStr	Credibility and inflation targeting in Chile
title_full_unstemmed	Credibility and inflation targeting in Chile
title_sort	credibility and inflation targeting in chile
publisher	Banco Central de Chile
publishDate	2019
url	https://hdl.handle.net/20.500.12580/3730
work_keys_str_mv	AT cespedesluisfelipe credibilityandinflationtargetinginchile AT sotoclaudio credibilityandinflationtargetinginchile
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Credibility and inflation targeting in Chile

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